Seán Sherlock (Cork East, Labour)
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Question 77: To ask the Minister for Agriculture, Fisheries and Food the net value to the Irish Exchequer from food and beverage exports from 2008 to date in 2010; and if he will make a statement on the matter. [16920/10]

Brendan Smith (Cavan-Monaghan, Fianna Fail)
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Bord Bia publishes annual data on the value of food and beverage exports. They estimate that in 2008 and 2009 over €15 billion worth of produce was exported by the sector. Their most recent estimates are that the value food and drink exports in 2009 declined by 12% to approximately €7.1 billion. This reduction was attributable to a number of factors including declines in the value of sterling against the euro as well as the ongoing global recession and weaker commodity prices. Over three quarters of exports go to high value markets in the UK and the EU with the balance going to the rest of the world. The table sets out details for 2008 and 2009, the most recent data available.