Food & Beverage

Food to Go - March 2017

Charlie Kerlin Charlie Kerlin

Brexit feeds into consumer price inflation

The sharp fall in the value of the pound since the Brexit vote in June last year has contributed to a large rise in food prices. Grocery bills increased by a three year high 1.4% in the 12 weeks to the end of February 2017. Shoppers are now paying more for staples with underlining expectations that household budgets will come under extra pressure in 2017 and impacting consumer demand. Find out more

 

Export market success - NI sheep farmers seeking growth in the Middle East

The sheep industry has been facing sharp difficulties following the Brexit vote last June. This month brought brighter news as UK suppliers are set to benefit from a new five year deal worth up to £15 million that will see UK lamb available again in Kuwait. The expansion of the UK's export market portfolio is critical to building a thriving sheep industry post-Brexit and there are calls on DAERA to increase efforts to secure new market access. Find out more

 

Pressure on businesses could rise with controversial new sugar tax levy

Soft drinks with added sugar will see a tax hike in April 2018 in an attempt to combat rising levels of obesity. DfE expects to raise an additional £1bn from the levy. Given current increases in cost of goods, the controversial sugar tax could put more pressure on businesses and further raise consumer prices. Manufacturers are hence being urged to reformulate to avoid the levy. Find out more

 

Article 50 triggered but concern remains about the NI Agri-food message being heard

Following the trigger of Article 50 on 29th March, concerns still remains regarding the potential plight of the Northern Ireland agri-food sector. Whilst the issue of the Border was highlighted as a key issue for the Brexit negotiations, it is likely that negotiations will now take on a pace given the 2 year window before potential WTO rules would apply. A clear, distinct and unified message to Westminster is an imperative as the clock is ticking! Find out more