Pressure on beef exporters

Brexit-related currency trends have left Irish beef exporters to the UK 9% worse-off this year, in euro terms, despite sending 5% extra beef across the Irish Sea.

“This would suggest that processor margins have been under pressure, given the price inflation that has been seen in the Irish cattle market,” according to a report on how the first four months of 2017 went for the Irish beef industry, which supplies two thirds of the UK import trade, sending nearly half of Ireland’s beef to the UK.