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This week has been a mixed bag for shares in Irish agribusinesses. The standout performer this week was Glanbia, with shares in the performance nutrition giant rallying more than 3% in recent days to €14.60. Shares in Kerry Group rose almost 1% this week to just under €90.
In contrast, FBD’s share price continues its recent slide. Shares in FBD have fallen almost 3% this week and currently stand at €10.75. Investors also sent shares in convenience bakery giant Aryzta lower this week by 4% to stand at €17.80.
Greencore, which is listed on the London stock exchange, saw its share price tumble almost 5% this week to just over £1.55. Oil markets continue to rally on the back of geopolitical tensions between the US and Iran.
The price of Brent crude oil broke $80/ba this week, which is the highest it’s been at since 2014. Based on these rising energy prices, shares in Norwegian fertiliser giant Yara have rallied more than 3% this week to NOK345.
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