In this article, we outline our key views for the food and drinkrnindustry at the end of Q2. Although the March-June quarter didrnnot provide a deal to rival the Q1 3G Capital orchestrated mergerrnbetween Kraft Foods and Heinz, the consolidation theme remainedrnintact with some notable deals across North America and the AsiarnPacific region. Globally, the eurozone consumer continues to lookrnmarginally stronger than it did at the beginning of 2015 (notwithstandingrnthe ongoing Greece crisis), with deflationary pressuresrneasing in countries such as Spain. However, the US and the UK willrncontinue to lead developed world opportunities. Touching on foodrnprices, our Agribusiness and wider Commodities teams expect globalrnagricultural prices to broadly trade sideways over Q3.
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