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IFA National Livestock Chairman Angus Woods said the positive change in sterling from 92p back to 88p must be reflected in stronger cattle prices back to farmers.

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Based on Sterling depreciation and the volume of cattle exports to the UK, Irish beef farmers are losing close to €2m per week.

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IFA President Joe Healy has said that urgent Government action is needed to counteract the serious damage being done to farming enterprises in the beef and mushroom sectors arising from the recent sharp decline of Sterling.

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Speaking at the Iverk Show in Kilkenny today, IFA President Joe Healy called on the Government to support farmers through the difficulties caused by Sterling fluctuation as a result of Brexit uncertainty.

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IFA President Joe Healy said the Minister for Agriculture Michael Creed can no longer ignore the major cuts in cattle prices at the meat factories that have left beef farmers facing losses this year.

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