Shares in FBD Insurance were among the worst performing of the listed agribusiness plcs in Ireland this week. FBD shares have dropped more than 4% in the week, to fall back to €10.05.

Meanwhile, embattled bakery group Aryzta, which owns the Cuisine de France brand, continues to struggle. Shares in the company fell almost 6% this week to hit €8.14. This follows on from the previous week, when shares were down 7%.

Aryzta shares have lost over 75% of their value since the start of 2018.

Rising

In contrast, it’s been a positive week for shares in Glanbia and Greencore. Glanbia shares are up almost 2% in the week to €14.75, while Greencore shares made gains of almost 7% this week to hit £1.89. Shares in Greencore are still 16% behind where they started the year.

On oil markets, a barrel of Brent crude oil, the global benchmark, is now trading close to $82, which is a four-year high. Oil prices have risen sharply in the last week, as fears mount over a global supply shortage caused by fresh US sanctions on Iran, which is a major oil exporter.