New Zealand's Fonterra slips on admitting '100% grass-fed' label may mislead shoppers

Fonterra-operative

01/04/2026 03:09

** Shares of Fonterra FCG.NZ fall as much as 2.1% to NZ$6.02, their lowest level since March 2

** Biggest intraday pct loss since October 3, 2025

** Dairy producer settles lawsuit filed by environmental group Greenpeace, admits label on its Anchor butter was likely to mislead some shoppers

** Co claimed butter is "100% New Zealand grass-fed", but Greenpeace alleged the cows' diet included non-grass feed, including palm kernel

** Removes label from Anchor butter packaging

** About 331,000 shares traded so far, 1.4x the 30-day avg

** Stock is up 4.6% YTD, including session's moves

(Reporting by Anjali Singh in Bengaluru)

((anjali.singh2@thomsonreuters.com; ))