Tuesday, October 13, 2015

Heads up Kiwi traders: Urgent press conference over 1080 threat to infant formula

FXStreet (Bali) - As reported by the NZ Herald, an urgent press conference is being held by police today regarding a threat to contaminate infant formula with 1080.

Any headlines related to the dairy industry in New Zealand may have an impact on the Kiwi, so keep an eye on any unexpected NZD moves if any surprise is perceived as either positive or negative by traders.

Key Quotes in the article

Commissioner Mike Bush is expected to make an announcement on the investigation at 1pm.

On November 27 last year Fonterra and Federated Farmers received letters threatening to contaminate infant formula with 1080 poison.

The letter said the formula would be poisoned if New Zealand didn't stop using the 1080 poison for pest control by the end of March this year.

Infant formula was pulled from the shelves of supermarket and held behind counters to prevent any contamination in shops.
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