Fonterra units hold up in early trading, despite DCD scare

Sun, 27 Jan 2013

By Pattrick Smellie Jan 28 (BusinessDesk) - Fonterra Shareholders Fund units took a small, immediate knock as trading opened on the NZX this morning after a weekend in which international media latched onto the news that small traces of a nitrate inhibitor had been found in some Fonterra milk powder. FSF units dropped 0.41 percent, or 3 cents, to $7.20 at the open of NZX trading, and bid and ask prices were displayed briefly as low as $7.14 and $7.18 before recovering to a range of $7.20 and $7.23 in the first 10 minutes of trading and appea...

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