|Bid||6.48 x 534300|
|Ask||6.52 x 2423400|
|Day's Range||6.48 - 6.52|
|52 Week Range||5.88 - 6.66|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||6.84|
New Zealand dairy firm Fonterra (FSF.NZ) has been ordered to pay French company Danone SA (DANO.PA) 105 million euros (£92.4 million) over a contamination scare, a smaller than expected sum, though it prompted Fonterra to cut its earnings forecast. An arbitration tribunal made the ruling on Friday in a dispute between Fonterra, the world's biggest dairy producer, and Danone over a scare involving a Fonterra ingredient used by the French food manufacturer in 2013, which led to a recall based on erroneous information. Danone Nutricia, a unit of Paris-based Danone, recalled some types of infant formulas sold under the Karicare brand in 2013 after its milk powder supplier Fonterra said there was a risk of bacteria in its products that could cause fatal botulism.
(Adds analyst comment, market reaction) By Charlotte Greenfield WELLINGTON, June 21 (Reuters) - Global dairy prices slipped, breaking a winning streak of six consecutive rises, at a fortnightly auction on Wednesday, as whole milk powder softened. The Global Dairy Trade (GDT) Price Index dipped 0.8 percent, with an average selling price of $3,434 per tonne, in the auction held in the early hours of Wednesday morning. The fall at the latest auction was led by weaker-than-expected prices for whole milk powder (WMP), which fell 3.3 percent compared to derivative markets expectations of a 1.3 percent rise.
WELLINGTON/SYDNEY, April 10 (Reuters) - As China's middle class develops its taste for imported food and drink, fresh produce suppliers in New Zealand and Australia are topping up nature's bounty with anti-counterfeiting technology in a bid to protect their growing business from fakes. Suppliers of goods from fruit to wine and lamb are teaming up with makers of tracking systems, codes and powders to combat fakes that cost the global food business billions of dollars.