Can our food sector rescue the stock market?

WITH the property market in turmoil and the banks being handed a blank cheque by the state, can we perhaps look to the food sector to deliver some earnings growth to the struggling Irish stock market in these difficult times?

It is getting increasingly difficult to stay upbeat, even about some of the food groups that also got caught up in the property boom.

The stark example on that front is Greencore, whose extensive land banks in Carlow and Mallow, which became available after the closure of the two sugar plants, raised expectations of more huge investment gains from the proposed property developments in those towns.