Tesco accounts for 9% of food exports

Exports to Tesco represented 9% of the value of Irish food and drink exported during 2010, according to a Indecon International Economic Consultants report.

The report has found that Irish suppliers exported €705.8m of Irish-produced goods to the Tesco group internationally in 2010. The market destinations were Tesco stores in Britain, Central Europe and Asia.

Chief executive of Tesco Ireland, Tony Keohane, said: “Our investment of over €1.5bn in this country over the past 10 years is now paying considerable dividends for Ireland in the form of exports, employment and value added to the economy. We are very proud of this contribution and intend to continue playing a constructive role in supporting a recovery in Ireland’s economy. It is a win-win situation for Ireland and for Tesco.”