The Dairy Board, which sells Irish produce around the world, had a record turnover last year with pre-tax profits up 14% to £27.1 million. The board says that foot and mouth disease has distorted sales this year, though markets are expected to be firmer in the second half of the year.
Last year was exceptionally good for the international dairy trade. The Dairy Board, which markets produce for Irish companies worldwide using the Kerrygold label, saw turnover increase by 15% to £1.6 billion.
Sales of Kerrygold butter were good across the EU, especially in Germay where it remains the brand leader. Sales in the UK showed a significant increase wih the introduction of a spreadable butter.
The company's sales performance outside the EU was mixed. There was new competition in the milk powder market in Trinidad, but overall butter sales were up with a buoyant performance in South Africa.
Managing Director Dr Noel Cawley said the foot and mouth crisis created uncertainty over the six months, but he said dairy markets are expected to be stable and firmer in the second half of the year.
