Food, drink exports pass record €9bn mark
Irish drink and food exports are booming, particularly among Asian nations.
For the first time ever they passed the €9bn mark in 2012. Exports are now almost 30pc ahead of 2009 levels with meat, beverages and seafood the best performing sectors, according to a Bord Bia report published today.
Exports to Asia have increased by 75pc since 2010 as consumers in rapidly developing countries such as India and China develop new tastes for western foodstuffs including beef and dairy products.
The Bord Bia Export Performance and Prospect Report for 2012/2013 will show that exports increased marginally from last year's previous all-time high of €8.9bn.
They are now worth a massive €2bn more than the €7bn in food-export earnings in 2009.
The strong exports also come despite a dip in farm incomes during 2012 which was linked to atrocious summer weather and higher feed costs on farms.
More stable global commodity prices are also expected to help keep Irish food exports strong in the year ahead.