Synlait Milk: milk prices 2023

In financial year 2023, the price for Synlait milk was around 8.5 New Zealand dollars per kilogram of milk-solid, a decrease from the previous year. Initially established as a dairy farming company, Synlait has gradually shifted it's focus to include milk and and milk powder processing, marketing, and distributing.

Milk prices of Synlait Milk Limited from financial year 2015 to 2023 (in New Zealand dollars per kilogram)

Characteristic	Prices in New Zealand dollars per kilogram
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Release date

September 2023

More information

Region

New Zealand

Survey time period

financial years 2015 to 2023

Supplementary notes

* Total milk price for Synlait Milk suppliers on standard milk supply contract, includes value and seasonal premiums. This is a milk season reflective payment that runs June 1 to May 31.
One New Zealand dollar is equal to approximately 0.61 U.S. dollars and 0.59 euros (as of November 2022).
New Zealand's financial year runs from July 1 to June 30; for example, financial year 2017 starts on July 1, 2016 and ends on June 30, 2017.
The value comprises of base milk price and average incentive price.

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