Food groups are hostage to consumer fads

RESULTS coming in from the British and US food sectors augur well for our home-grown crop of players, including Kerry and Greencore.

However, the dip in milk output in New Mexico, down 7.4% in the year to end February 2007, may begin to exercise minds in Glanbia where it has a major joint venture that processes 700,000 gallons of milk a day.

Meanwhile, NCB which was gloomy enough about Kerry just a few months back, has given the major food ingredients player a buy recommendation.