Diversification and value add will benefit from €100m capital scheme
An economic analysis conducted by DII in preparation for Brexit found that the deal arrived at will result in a 1.58c per litre extra cost to the 2 billion litres of milk Ireland uses in the cheddar cheese industry. File Picture.
Dairy Industry Ireland (DII) said a €100m aid package for the sector in an effort to mitigate Brexit impact will help to drive the ongoing ‘step change’ in investment of the industry as it looks to further diversify and drive up the value chain for the benefit of all stakeholders.
DII’s Conor Mulvihill said: “From January 1, one of our biggest markets becomes a third country outside our customs union and single market with all the administrative burdens and costs that come with that,” he added.
