By Howard Walsh
Who wishes they had bought shares in Robert Wiseman Dairies last week ? More to the point who would have expected it anyway.
The bolt from the blue — German yoghurt maker Muller making a bid for Wiseman — was not the one many people in the dairy industry would have thought of putting their money on.
And it doesn’t actually reduce the number of big processors as some people maintain would be good for producers and would maybe reduce the pressure on processors to ‘buy’ market share.
As Minister Jim Paice said at this week’s Semex conference, the constant price squabbles along the supply chain have to stop. But we’ll have to wait for that one.
Clearly First Milk is now in a better place – not that it hasn’t been since Mustoe and Allum came to the helm – with a potential £28m to spend from the sale of its 10 per cent stake in Wiseman.
Farmers Guardian business editor, Howard Walsh