Ireland's exposure to the British beef market is at 60%
The supply chain in Ireland is going to be disrupted after Brexit and high exposure on the British beef market is threating farmers and processors, according to Bord Bia and the Ministry of State for Food, Forestry and Horticulture. "We've heard about tariffs from 40% to +60% on beef products. We have 60% exposure on beef products to the UK. The market will not be able to support the cost. Short-term, there has to be something to support producers. There's no doubt about it! Because it's a would-be result of the EU negotiating with the UK, the EU must step in", stated minister Andrew Doyle during Bord Bia's press conference at Anuga 2019, Cologne.
While the impact for the beef sector was estimated at more than €800 million last year, the current situation makes it impossible to quantify the extent of damages resulted in a no-deal Brexit. As for the possibility of another postponed Brexit deadline, minister Doyle says that only fairies and fortune tellers can offer clarity on Brexit.
The current deadline for Britain's withdrawal from the EU is October 29 but so far no solution to close the negotiations is on sight.
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