A2 Milk sinks after U.S. FDA defers baby formula import request

A2 Milk

10/08/2022 01:35

(Updates)
    ** New Zealand-listed shares of dairy producer A2 Milk
Company Ltd  ATM.NZ  fall 10.5% to NZ$5.04, set for worst day
since October 2021, if losses hold
    ** Co's Australia-listed shares  A2M.AX  drop as much as 10%
to A$4.60
    ** Co says U.S. FDA deferred its request for an enforcement
discretion to import infant milk formula products into the
United States  urn:newsml:reuters.com:*:nL4N2ZL474
    ** Antipodean dairy firms had queued up to restock empty
shelves in U.S. with baby food as the country tried to mitigate
one of the biggest infant formula shortages in recent history
 urn:newsml:reuters.com:*:nL4N2XM137
    ** About 800,000 NZ-listed shares traded vs their 30-day
moving avg of more than 505,000 shares
    ** Up to Tuesday's close, ATM down 5.1% this year while A2M
down 13.2%

 (Reporting by Shashwat Awasthi)
 ((Shashwat.Awasthi@tr.com
mailto:Shashwat.Awasthi@thomsonreuters.com))