Customs Today
  • Home
  • Islamabad
  • Karachi
  • Lahore
  • National
  • Transfers and Postings
  • Chambers & Associations
  • Business
No Result
View All Result
Customs Today
  • Home
  • Islamabad
  • Karachi
  • Lahore
  • National
  • Transfers and Postings
  • Chambers & Associations
  • Business
No Result
View All Result
Customs Today
No Result
View All Result
Home Latest News

Food,drink value rises £4.6b in Northern Ireland: DAERA report

byCT Report
29/07/2016
in Latest News
Share on FacebookShare on Twitter

DUBLIN: Output  by Northern Ireland’s food and drink industry increased by 1.1 per cent in 2015 to a tasty value of £4.6 billion, government figures reveal.

But the rise marks a slight slowing of growth when compared to that from 2013 to 2014, when the industry grew by 1.5 per cent.

You might also like

“Young entrepreneurs can reshape Pakistan’s economic future”

17/10/2026

NBP inks MoU with PowerChina arm for green financing collaboration

17/10/2026

The figures come in a report from the Department for Agriculture, Environment and Rural Affairs, compiled from data on the values of sales, exports, value added and number of employees from all food and drink sectors.

The most valuable markets for the agri-food sector were those of beef and sheep meat, where sales increased by £21 million, and milk and milk products, which grew by £14 million.Combined, these sub-sectors made up nearly half (49 per cent) of the total gross turnover.

The number of full-time workers directly employed by the food and drink sector also rose to 21,048 in 2015  marking a 1.6 per cent rise.

The UK remained the region’s top export market, with 44 per cent of all of the north’s food and drink going to the UK.

The figure which will attract the most speculation, however, is the chunk of sales which are made up of EU exports – £1.3 billion – which equates to more than a quarter of the total.

With uncertainty in post-referendum UK, questions will rise on whether tariffs may be introduced on goods exported to the EU – possibly leaving Northern Ireland farmers, bakers, fishermen and other producers out of pocket.

Michael Bell, executive director of the Northern Ireland Food and Drink Association, said the figures were impressive given the current economic climate.

But he called for safeguards to be put in place to protect the food and drink industry from potential Brexit fallout

“It is an impressive set of figures, bearing in mind the challenges the market has faced and the food deflation over the past few years,” he said.

“Brexit will undoubtedly be affect agri-food on this island but the exact impact is yet to be determined.”But, considering we are the number one exporter to the UK and vice versa, we need to come to a pragmatic and sensible arrangement so that everybody can continue to prosper.”

Related Stories

“Young entrepreneurs can reshape Pakistan’s economic future”

byCT Report
17/10/2026

ISLAMABAD: The president of the Islamabad Chamber of Commerce and Industry has called for turning Pakistan's youth into a driver...

NBP inks MoU with PowerChina arm for green financing collaboration

byCT Report
17/10/2026

LAHORE: National Bank of Pakistan (NBP) has signed a Memorandum of Understanding (MoU) with PowerChina|Integrity Energy Storage (Shanghai) Technology Co....

FBR implements faceless tax audit and assessment system from October 15

byCT Report
17/10/2026

ISLAMABAD: The Federal Board of Revenue (FBR) has implemented a new framework for conducting tax audits, assessments and related proceedings...

Pakistan explores new funding options with three UAE Banks to ease debt pressure

byCT Report
17/10/2026

ISLAMABAD: Finance Minister Muhammad Aurangzeb held separate meetings with delegations from Sharjah Islamic Bank, Abu Dhabi Commercial Bank and Ajman...

Next Post

Port of Albany to receive $17M upgrade

  • Terms and Conditions
  • Disclaimer

© 2011 Customs Today -World's first newspaper on customs. Customs Today.

No Result
View All Result
  • Transfers and Postings
  • Latest News
  • Karachi
  • Islamabad
  • Lahore
  • National
  • Chambers & Associations
  • Business
  • About Us

© 2011 Customs Today -World's first newspaper on customs. Customs Today.