NZ's Fonterra jumps near 5-month high as trading resumes after system error

Fonterra-operative

22/02/2026 22:24

** Shares of Fonterra Co-Operative Group FCG.NZ rise as much as 2.9% to NZ$6.30, hitting their highest level since September 30, 2025

** Stock set for strongest trading session since August 22, 2025

** Dairy producer on Friday lifted its milk price forecast range for 2025/2026 season, said it intends to declare a special dividend supported by earnings from its Mainland Group

** However, shares of co were placed on a trading halt on Friday by New Zealand stock exchange regulator due to a system error, with trading in co resuming today

** YTD, stock up 5.7%, including the day's moves

 (Reporting by Shivangi Lahiri in Bengaluru; Editing by David Gregorio)

 ((shivangi.lahiri@thomsonreuters.com))