Agri-Business
Uncertainty surrounding sterling is creating challenges for Irish food and drink exporters, according to Bord Bia.
Tillage
Grain markets were in the green by the end of this week. LIFFE, MATIF and CBOT wheat all finished up significantly on Monday's close.
Volatility in the currency movements of sterling seen over the first half of the year are expected to ease, according to a report.
Analysts are not ruling out the possibility that the euro may achieve parity with the Pound over the coming months.
Sheep
The margins generated on sheep farms in 2017 are set to be boosted by the introduction of a €10/ewe coupled sheep welfare scheme.
The value of Sterling compared to the euro has strengthened considerably over the last month, figures from the ECB show.
The fall in the value of Sterling against the euro is already causing problems for Irish exporters, according to Teagasc's Trevor Donnellan.
The number of Northern Irish lambs slaughtered in the Republic of Ireland has almost hit 30,000 head.
Beef
The trade for Irish organic beef has come under pressure since the UK public decided to leave the European Union.
The Sterling/euro exchange rate has taken another step towards parity as significant market movements in China overnight has seen the value of Sterling weaken further.
It is predicted that the value of the Euro against Sterling could fluctuate between £0.75p and parity while the UK sorts out Brexit
Sterling has weakened further since the UK Prime Minister, Theresa May, announced that she would trigger Article 50.
The euro has continued to its upward momentium against Sterling this week with an increase of 0.8% this week.
UK beef prices continued to climb last week as prime cattle prices increased by 1p/kg compared to the week before.
N.Ireland
Brexit is creating short-term opportunities for farmers in Northern Ireland
Sterling is continuing to fall against the euro on the back of a number of key announcements by the Bank of England in recent weeks.
France continued to be the largest buyer of Irish sheepmeat during the first five months of the year, recent figures from the AHDB show.
Sterling moved lower yesterday as the Bank of England cut interest rates in an attempt to counteract a looming recession in the UK.
The past week has seen some signs of stabilisation for the UK market, according to Daisy Higgins, of Bord Bia's London Office.
Sterling has been given a welcome boost above the Euro since news broke earlier this week that Theresa May would be installed as British Prime Minister.
Other
The Pound has hit a fresh three-year low against the euro as Brexit concerns continue to see a major sell-off of the currency.
The Taoiseach has been called on to seek the establishment of an EU fund to be used to support agriculture badly affected by currency changes triggered by Brexit.
The value of sterling has been rocked again in early trading today as market sentiment continues to be negative towards the currency.
