Glanbia to meet targets in 'challenging' market

Food group Glanbia said today it expects to meet market expectations for the full year as markets currently stand.

Food group Glanbia said today it expects to meet market expectations for the full year as markets currently stand.

Addressing shareholders at the group's agm, managing director John Moloney admitted trading in its agribusiness and milk-processing businesses in the first half of the year was "challenging".

The company also said it is on target to complete two major strategic international dairy processing investments.

Chairman Tom Corcoran said milk powder production has started in Nigeria in the Glanbia joint venture with PZ Cussons, and that the major cheese and whey processing joint venture in New Mexico is on track to being commissioned at the end of the year.