NZX halts trading in dairy stocks

Trading in all NZX-listed dairy companies has been halted by the stock market operator, amid a threat to poison infant and other formula.

Trading in all NZX-listed dairy companies has been halted by the stock market operator, as police announce a threat to poison infant and other formula.

Police said in a statement on Tuesday that anonymous letters were received by Fonterra and Federated Farmers in November 2014, along with small packages of milk powder which have since tested positive for a concentrated 1080 poison.

Units in Fonterra Shareholders Fund, and shares of A2 Milk Company and Synlait Milk have all been placed in a trading halt.

The NZX Dairy Futures and Options market has also been halted.


Share

1 min read

Published

Source: AAP


Share this with family and friends


Get SBS News daily and direct to your Inbox

Sign up now for the latest news from Australia and around the world direct to your inbox.

By subscribing, you agree to SBS’s terms of service and privacy policy including receiving email updates from SBS.

Download our apps
SBS News
SBS Audio
SBS On Demand

Listen to our podcasts
An overview of the day's top stories from SBS News
Interviews and feature reports from SBS News
Your daily ten minute finance and business news wrap with SBS Finance Editor Ricardo Gonçalves.
A daily five minute news wrap for English learners and people with disability
Get the latest with our News podcasts on your favourite podcast apps.

Watch on SBS
SBS World News

SBS World News

Take a global view with Australia's most comprehensive world news service
Watch the latest news videos from Australia and across the world