'Out of every ten beef animals produced in Ireland, more than four go into the UK' - Agribusiness leaders preparing for worst Brexit
Agribusiness leaders have stressed the importance of fighting to maintain the UK market post-Brexit, at a conference on the future of Irish Agriculture today.
However, Kerry Group CEO Eamon Scanlon warned that his company while hoping for the best are preparing for the worst in relation to the outcome of the Brexit negotiations.
He was followed by John Horgan MD of Kepak one of Ireland’s largest meat processors who stressed that we should not forget and we should insist on maintaining our existing markets.
“The most important focus we have should be to fight to retain our existing markets.
“In the case of beef out of every ten animals produced in Ireland, nine are exported of which more than four go into the UK,” he highlighted.
Horgan went on to say that we have all ready to say that Kepak has already had to make investments to Brexit proof the business.
He further stressed that Ireland has already felt significant Brexit impact associated with a 15pc devaluation of sterling.
Both men were speaking at The Department of Agriculture, Food and the Marine major Food Wise conference in Croke Park today.