Food Drink Ireland Calls for New Policy Measures to Ensure Sector Meets Brexit Challenges

b6d484f3-6f78-45ec-8cf5-8d2aee65aa30articleimage.jpg

16 Feb 2017 --- “Ireland’s largest indigenous sector faces substantial challenges in the years ahead in a world that has changed radically in 12 months” said Paul Kelly, Director Food Drink Industry Ireland (FDII), the Ibec group that represents the food and drink sector. He was speaking at the launch of the first FDII Business Monitor report yesterday (15th Feb). 

“On the international front, 2016 saw the risks from Brexit beginning to crystallise for Irish food and drink exporters. We witnessed a drop of €560m in UK exports, the formation of a new and uncertain global trade environment, and challenges to the integrity of the EU Single Market. At home in the domestic grocery market, declining consumer sentiment has given way to a decrease in sales relative to volume growth and this is putting further pressure on business costs.”

Mr Kelly called on Government to urgently implement a range of policy measures to ensure that the Irish agri-food sector remains innovative, competitive and capable of meeting these challenges, and to maximise the sectors ability to seek out new opportunities in existing and new markets. These measures include:

The re-introduction of the Employment Subsidy Scheme and the Enterprise Stabilisation measures which were last applied in 2009-11.

€25m to fund a market diversification and product innovation strategy, which focusses particularly on maintaining UK market share, increasing exports to other EU and international markets and investing more in product development.

A finance package that includes sustainable financing via funding from the Irish Strategic Investment Fund and the Strategic Banking Corporation of Ireland, state supported trade financing and improved State Aid rules to support the development of scale and the introduction of enabling technologies.

An intense and on-going focus on cost competitiveness led by the Department of Jobs, Enterprise and Innovation in areas such as labour, energy and insurance.

“With one in eight jobs in Ireland linked to the agri-food sector, it is essential that the Government act now to ensure the protection of these jobs and the future competitiveness of the industry. Failure to do so will result in the damage going far beyond the food and drinks industry in Ireland.”

Related Articles

Business News

US$1bn fund to boost sustainable farming launched by Rabobank and UN Environment

18 Oct 2017 --- A new initiative is underway to help farmers transition to sustainable practices to keep pace with increasing demand from consumers and food companies for more supply chain transparency. Rabobank’s program, Kickstart Food, is all about accelerating the transition to a sustainable food supply. One of the first steps in this program will be the launch of a one billion dollar facility to initiate land restoration and forest protection initiatives.

Food Ingredients News

Givaudan launches FreezeFrame innovation to deliver freshness in convenience foods

18 Oct 2017 --- Leader in flavors, Givaudan, has announced new flavor and taste solutions which will enhance the perception of freshness in convenience foods. A range of seven top notes and taste solutions is being launched in phase one of the company's FreezeFrame innovation: lime, lemon, asparagus, lettuce, basil, coriander/cilantro and parsley. According to Givaudan, this new freshness technology revitalizes convenience foods by making dishes taste like they were prepared just moments earlier. A second phase is already under development and will be available later this year. 

Food Ingredients News

US: Yogurt maker recalls soy product amid milk allergen labeling problem

18 Oct 2017 --- Organic yogurt maker, Stonyfield, is voluntarily recalling a specific code date of its O'Soy Strawberry soy yogurt because it may contain an undeclared milk allergen. People with an allergy or severe sensitivity to milk run the risk of serious or life-threatening allergic reaction if they consume this product. 

Food Ingredients News

Taura showcase sugar-reducing powers of fruit & vegetable pieces

18 Oct 2017 --- Natural fruit and vegetable pieces are the ideal way to reduce added sugar without compromising on taste, according to Taura Natural Ingredients. The company has discovered unique URC (Ultra-Rapid Concentration) technology to create real fruit and vegetable pieces, flakes and pastes which offer solutions to reduce added sugar in applications such as baked goods and cereals.

Business News

Ajinomoto buys majority stake in Spanish agro-business

18 Oct 2017 --- Japanese food and chemical corporation Ajinomoto has acquired the majority shares of a Spanish agro-business, expanding its profile in Europe.

More Articles