It appears that Synlait's FY17 Annual Report gave an estimate for the 1H FY18 finished infant formula - which was conservative to the tune of 12% (but fairly accurate in the grand scheme of things as I'm sure a2 is ordering 4-6 months in advance). So if we see a forecast of approx 25MT + of finished IF for 1H FY19 - we should see some sharp upward SP action
Synlait IF 1819FY Estimates, page-10
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