Another stock being tipped as a good bet is Golden Vale. Butler & Briscoe Stockbrokers believes the company could develop into one of the better growth plays in the food sector for investors.

With plans to spend up to £70 million on capital acquisitions in the next two years, the brokers suggest that its earnings estimates for the group may have been significantly understated. The shares have been relatively weak recently, largely related to falling bulk butter prices, but the brokers state that this should be viewed as an opportunity for investors to buy the stock at an attractive price.