Irish food exports to US increased by 40 % from last year

Irish food exports to US increased by 40 % from last year

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New figures from Bord Bia shows that Irish food and drink exports to US expanded by 40 percent to hit an all time high of €10.8bn. This denotes the 6th successive year of export advancement. Bord Bia, the body in charge of advancing Irish exports says expanded yield in key divisions, ideal exchange rate improvements and better returns for meat, fish and drinks, helped to offset a debilitating in worldwide dairy costs.

Exports of refreshments did especially well a year ago, adding 10 percent to 2014, supported by sales of Irish whiskey, which recorded an 18 percent increment. The figures show exports of beef and fish rose 6 percent and 4 percent separately while exports of dairy items additionally expanded by 4 percent, an amazing figure given the antagonistic trading environment worldwide. Exports of dairy items were driven by solid growth in specialist sustenance powders, which hopped by 25 percent universally and by 40 percent in China alone.

Milk yield was almost 11 percent higher amid the initial 10 months of the year, while pig meat trade volumes ascended by 6 percent. Sheep meat expanded by 3 percent as did poultry sends out. In the mean time, exports of prepared consumer food ascended by 7 percent to €2.5 billion making it the second biggest export class after dairy.

Fares to the US, Ireland’s second biggest business sector for food and drink exports after the UK, expanded by 40 percent to €755 a year ago, while exports to China, the nation’s fifth most critical market and the second biggest for dairy and pork, were up 16 percent. Exports to the Middle East grew 12 percent however were feeble in Russia and the African area.

 

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