Brief: Glanbia CFO: Prices to increase again in Q3, elevated whey costs to last into 2027
BRIEF-Glanbia CFO: Prices to increase again in Q3, elevated whey costs to last into 2027 Aug 6 (Reuters) - Glanbia PLC GL9.I CFO interview with Reuters:
GLANBIA CFO: H1 OPTIMUM NUTRITION VOLUMES INCERASED BY MID-TEEN PERCENTAGE, PRICING INCREASE IN THE HIGH SINGLE DIGITS
GLANBIA CFO: WILL INCREASE OPTIMUM NUTRITION PRICES AGAIN IN Q3, EXPECT BY FULL YEAR YOU'LL SEE MORE OF A BALANCE BETWEEN VOLUME AND PRICE OVERALL
GLANBIA CFO: EXPECT TO SEE DOUBLE-DIGIT RISE IN WHEY COSTS THIS YEAR, SEEING SOME DOUBLE-DIGIT INCREASES COMING THROUGH IN 2027
GLANBIA CFO: RISE IN WHEY COSTS ALL DEMAND DRIVEN - STRONG DEMAND FOR PROTEIN PRODUCTS OUTSTRIPPING NEW SUPPLY, INCLUDING THROUGH PROTEIN DEMAND VIA GLP1 TREND
GLANBIA CFO: WE'VE PROCURED OUR WHEY NEEDS T0 Q2 2027 AT HIGHER COST, AT SOME POINT EXPECT WHEY COSTS TO STABILISE
GLANBIA CFO: WE'VE SEEN LIMITED ELASTICITY TO DATE FROM PRICE INCREASES DEPENDING ON THE PRODUCT, EXPECTING TO SEE SOME ELASTICITY IN Q3 AND Q4
GLANBIA CFO: WAR IN IRAN HAS LED TO SOME FRIEIGHT DISRUPTION IN MIDDLE EAST AND INCREASED COSTS OF INGREDIENTS IMPORTED FROM ASIA, WE'RE MANAGING THROUGH IMPACTS
Further company coverage: GL9.I
(Reporting By Padraic Halpin)
((Padraic.Halpin@thomsonreuters.com;))
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