The future looks somewhat “uncertain” for Irish pigmeat says AHDB Pork.
Commenting in a new analysis of the Irish pig industry, which is currently running at 200% self-sufficiency, AHDB Pork’s view is that 2017 could be a difficult year for the country’s producers.
“The impact of an unfavourable euro/sterling exchange rate (viewed from Ireland) following the Brexit vote in June poses a challenge to Irish pigmeat exporters,” said AHDB Pork. “This trade is likely to remain challenging from an Irish perspective in 2017 and also in the medium term.
“In addition, as with the UK and other global pork exporters, Ireland is expected to face a more challenging global pork market this year.
“With 2017 supplies looking to stand on last year’s figures, therefore, Ireland may have to work hard to find outlets for its pigmeat.”