Oireachtas Joint and Select Committees

Tuesday, 22 November 2016

Joint Oireachtas Committee on Agriculture, Food and the Marine

Impact of the UK Referendum on Membership of the EU on the Irish Agrifood and Fisheries Sectors: Teagasc

4:00 pm

Mr. Trevor Donnellan:

We need to get our crystal ball out regarding what will happen to sterling in the next while. It has come back a little. We do not have any greater expertise than anyone else in the room to predict whether it will improve or otherwise. When we talk to people in the industry, there is a huge difference between sterling being at 90 pence to the euro and at 85 pence to the euro regarding entering a loss-making situation. The fact that sterling has recovered a little is most certainly good news from the perspective of exporters who have a high level of exposure to the UK. This part of it is good at least. Could the Deputy clarify his question on the all-island dimension?

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