The Farming Independent has released data collected from a survey it conducted during the National Ploughing Championships in Tullamore in September 2016. It reveals that nearly 50% of farmers are concerned over the impact of Brexit, as well as the impacts the beef and dairy sectors are having on cash flow. 50% of farmers believe they are financially worse off than this time last year. The survey covered 1,000 farmers of which half were over the age of 34.
Irish milk processors Kerry Group, Dairygold & Glanbia were 6th, 7th & 13th out of 15 European milk processors in terms of prices paid for milk by the litre. The Top price was 36.35c/l paid by Granarolo while Kerry Group paid 25.34c/l, Dairygold 25.04c/l, and Glanbia paying 23c/l. it was noted that the Glanbia prices was absent of the 2c/l top-up it pays to society members. The average European milk price is 26.19c/l for the 15 processors.
A third Irish mushroom producer has closed its doors following the impact of Brexit. Golden Vale Mushrooms, Tipperary had been dependent solely on exports to the UK. 90% of Irish mushrooms are exported to the UK with a value of €120m. Prices however were agreed in sterling.
Tesco has finally managed to stem the downward slide of its Irish operations and reported sales of €1.2bn April to September. Tesco Ireland commented that their ‘Staying Down’ campaign helped level its playing field.
CAP payments throughout Ireland were revealed to be widely varied. The average payment per hectare in Offaly is €293.43, and in Donegal of just €182.13. Laois received an average CAP payment per hectare of €327.14, and Carlow recorded €332.16.
Unilever which supplies over 800 products to Supervalu and Dunnes Stores has imposed a price increase on their products that are supplied to Ireland to compensate for the drop against Sterling. Supervalu and Dunnes Stores are ‘holding out’ against Unilever arguing that Irish consumers should not be receiving price increases for food products that are bought in Euro. It remains to be seen what resolution may be found. It is however, a stark remind that prices in British supermarkets are increasing and therefore British consumers will feel a squeeze on their purses. (14 oct)
The budget 2017 has promised a €44 million package for flood relief schemes.
The initiative which is FoodWise 2025 was in the spotlight in October for being at risk of not achieving its targets due to the direct effect of Brexit. According to Jim Power who is the Chairman for Love Irish Food and an economist, the doubling of targets for food and drink exports to 19bn is in danger of not being achieved.