Synlait is on a par with sector giant Fonterra in its new forecast of $9.50 a kilogram for the dairy payout.
The Dunsandel-based milk company has raised its base milk price forecast for the 2022-23 season by another 50 cents/kg.
This puts it at the same level in payout expectations
with Fonterra's range of between $8.75/kg to $10.25/kg released last month for a midpoint of $9.50/kg.
The co-op is, however, expecting to pay a dividend of 20c/kg on top of the forecasted farmgate milk price.
Synlait chief executive Grant Watson said the company believed $9.50/kg was a balanced forecast, based on the current dairy commodity prices.
