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Rabobank said the “balance of power is shifting” in global dairy trade.
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ABF said it expects the deal to be “marginally dilutive” to earnings in its 2027 financial year before becoming “accretive thereafter”.
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The business is expected to keep the Hazelwood plant running this year, with a full shutdown scheduled for September 2027.
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The ad appeared on Instagram and featured the brand’s round green and oval yellow cartoon mascots.
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The launch follows PepsiCo’s decision in 2019 to end sales of its Quaker Oat Beverage drinks in the US less than a year after introducing the product.
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When executives track raw-material prices, energy costs and commodity futures may grab more attention than fertilisers but the Middle East crisis should move the inputs up the priority list.
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“By joining forces, we are creating new opportunities for growth,” Royal A-ware shareholder Jan Anker said.
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Coming on top of disruption in the fertiliser supply chain, a potentially strong El Niño could push next year’s food inflation into double-digits.
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