- Underpinned by Fonterra’s record farmgate milk price being paid to farmers for 2021-22, prices of the majority of milk products recorded a climb.
- Synlait Milk enters into a unique partnership to study soil’s health for making milk in the most sustainable way.
- The a2 Milk Company has disclosed its LTI plan and the Employee Share Plans Financial Assistance.
As per the latest reports, milk prices have touched new heights in the latest Global Dairy Trade auction.
The overall index rose by 1.4% and crossed the mark which was registered in March 2014.
This increase has been bolstered by Fonterra’s record farmgate milk price for 2021-22, which the company is going to pay its farmers.
Products like whole, skim and butter milk powder, butter, lactose, and anhydrous milk fat experienced a healthy lift in their prices.
With this overview, let us quickly look at the two popular dairy stocks on the NZX.
Source: © 2021 Kalkine Media® data source- Refinitiv
Synlait Milk Limited (NZX:SML)
Synlait Milk Limited supplies a wide range of nutritional milk products across the globe. Recently, it has entered into a unique partnership with Danone (a leading manufacturer of dairy and plant-based products), AgResearch (a Crown Research Institute), and the MPI (Ministry for Primary Industries), for the conduct of research so as to enhance soil’s health.
The project would involve the study of soil health, identifying regenerative agriculture practices, better management of soils, thereby producing milk in the most sustainable way.
The said trials are expected to begin early next year.
At the end of the trading session, on 10 December, Synlait Milk was climbed 3.30% at NZ$3.440.
NZ’s famous producer of premium dairy products is The a2 Milk Company Limited. A few days ago, ATM disclosed its LTI Plan (Long Term Incentive Plan) and the Employee Share Plans Financial Assistance’s funding.
As a trustee of a2MC Group, the said funding was provided to Pacific Custodians Pty Limited to acquire around 2,200,000 ordinary shares in ATM to deliver to the participants of the said plan.
At the market close, on 10 December, The a2 Milk Company was down by 0.50% at NZ$5.950.
New Zealand has one of the most advanced dairy sectors across the world and supplies an array of nutritional milk products globally.