Govt must provide support to cope with Sterling changes
at the Iverk Show in Kilkenny at the weekend, IFA President Joe Healy
called on the Government to support farmers through the difficulties
caused by Sterling fluctuation as a result of Brexit uncertainty.
Healy said, “The Irish agri-food sector is the most exposed sector to
Brexit, with over 40% of exports going to the UK. Maintaining the
possible trading relationship with the UK must be an absolute priority
in the Brexit negotiations.”
the more immediate term, he said, Government must protect the
agriculture sector against the sharp devaluation of Sterling arising
uncertainty, which is having major repercussions for farmers.
EUR/GBP exchange rate has now crossed the crucial 90p mark and sharp
fluctuation is likely to continue given the uncertainty around Brexit
The IFA President said a number of support measures are required and must be targeted at farmers.
IFA President also warned that while the devaluation of Sterling is
having an impact on the beef sector, farmers believe that beef factories
are using the uncertainty around Brexit and the weakness of Sterling to
opportunistically cut beef prices.
said Minister for Agriculture Michael Creed cannot allow these cuts to
continue, “The Minister must insist that there is competition in the
and market returns are fairly passed back to farmers. In addition, he
must ensure that any increased market access delivers real price gains
and stability back to farmers.”
meat industry is seeking funding to help defray the impact of recent
devaluations however if any funding is provided it must go directly to
farmers" Joe Healy said.