The food industry in Republic will suffer significant trading disruptions if the December Brexit deal between the European Union and the UK is not implemented, Ibec group Food Drink Ireland (FDI) has warned. The €4.5 billion prepared consumer foods sector would be particularly exposed, FDI said in a new report. In 2016 exports of prepared consumer foods to the UK fell 9 per cent as a weaker sterling in the wake of the referendum result created “additional competitive pressures”. “No food company in Ireland is unaffected by Brexit,” said Kevin McPartlan, FDI director of prepared consumer foods. “Prepared consumer food companies are the life-blood of the Irish economy,” Mr McPartlan.

Source: The Irish Times February 12, 2018 05:37 UTC