European food and drink industry shows mild recovery signs
By Mike Stones
Last updated on
Signs of mild recovery in the EU food and drink sector came with the confirmation of 1.5 per cent growth in the in 27 member states during the last three months of 2010 compared with the previous quarter, according to latest CIAA Economic Quarterly Bulletin.
UK food and drink exports surpassed £10.83 billion in 2010, up 11 per cent on the previous year, according to new figures that belie opportunities for manufacturers to look to new markets – and the importance of the sector to the overall economy.
Organic Monitor predicts an eight per cent rise of European organic food and drink sales in 2011, as the global economy is coming out of recession more capital is now available for companies to invest.
The prospect of boosting business with new and existing customers is behind a mood of optimism among Ireland’s small-scale food and beverage firms, according to the latest industry survey conducted last month by Bord Bia, the Irish food board.
