Wednesday November 25, 2020

Glanbia misses out on rising milk price

Glanbia's recently spun-out dairy processing business is likely to benefit from the rising price of milk in the coming weeks and months.

24th March, 2013

Glanbia's recently spun-out dairy processing business is likely to benefit from the rising price of milk in the coming weeks and months, as drought in New Zealand and Australia puts pressure on global supply, analysts say.

But Glanbia will see less of the upside as it has retained only a 40 per cent stake in the joint venture it set up with its farmer shareholders during a major restructuring of the plc last November.

"The spin-off...

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