FDF issues warnings over Brexit
The Food and Drink Federation have warned that post-Brexit trade tariffs pose a major risk to the performance of Britain's £28bn food and drink sector – the UK’s largest manufacturing industry. The industry is already under pressure due to the weakness, hence the introduction of tariffs on existing EU trade would further increase pressure on manufacturers. The FDF commissioned Grant Thornton to review the opportunities and challenges for the Agri Food sector across the UK. The key findings are detailed in their report.
Find out more: https://www.fdf.org.uk/economic-contribution.aspx
Farmers voice their concern about the disappearance of EU labour
A report from the National Farmers’ Union has highlighted concerns over EU labour ahead of the forthcoming Immigration Bill. The report highlighted that 75% of seasonal labour in the horticulture sector alone is recruited from Romania and Bulgaria. Moreover, 63% of workers in red and white meat processing plants are from EU27 countries, as well as 85% of vets in approved meat establishments. The report indicated that the results of the EU referendum has the potential to drastically alter the landscape for migration to and from the UK. The NFU is appealing to the UK government to provide clarity on EU immigration as soon as possible to prevent a labour shortage in the farming and food processing sectors. Expect to hear more on this topic at the Grant Thornton National Food and Beverage dinner on 5th October 2017.
Fane Valley has acquired Deeny’s Country Store and Farm Supplies
Fane Valley Stores has acquire Deeny’s Country Store and Farm Supplies, based near Claudy, in a deal effective from 11 August. The Moira-based Fane Valley Co-op has been extending its retail store business across NI in recent years, with the latest acquisition bringing its total number of stores to 15. This strategic acquisition further enhances the coverage of the Group in the North West of the Province. Charlie Kerlin, Head of Food and Beverage at Grant Thornton in Northern Ireland advised the vendors on the deal.
Moy Park sold to US Food Firm Pilgrim’s Pride
Moy Park has been sold to the US food firm Pilgrim’s Pride for $1.3bn (£1bn). Moy Park see this as a great opportunity as Pilgrim’s is one of the leading chicken producers in the world. Moy Park is set to provide Pilgrim’s with a platform for growth in Europe as well as access to innovation and increased exposure to prepared foods.
Management have confirmed the intention to continue to develop and grow the business from its Northern Ireland headquarters. This should come also come as a relief to the large sub supply chain that has benefited from the success of the Moy Park Group.