The Southland project was rejected under a different fast-track process six months ago.
Analysts say the operating backdrop remains challenging.
Let the French have Fonterra brands, Eden Bradfield writes.
The S&P/NZX 50 Index closed at 13,223.53, up 90.32 points or 0.69%.
Total maximum remuneration is now $2m lower at $5.8m.
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