Agri-food sector faces uncertain future after Brexit

The Irish agri-food industry has been presented with a huge challenge by Brexit. In the very short-term that is manifested in a sharp decline of sterling against the euro.

Longer term it requires some deep thinking about how our food industry positions itself best to avoid the downside of a UK exit from the EU.

Today, if you work in an Irish food company, things are tougher than they were just two weeks ago. In that period sterling has declined by about 10% relative to the euro.