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05 Jan 2015

Food Production Set to Increase as Milk Quotas Lift

At the end of March 2015 dairy quotas will be lifted, and it is anticipated that milk production will increase by as much as 50% by 2020. With Irish Dairy Exports valued at €3 billion in 2013 it is no surprise that major food producers are investing hundreds of millions into their production facilities in an effort to capitalise on this uncapped market. Ireland is home to three of the four largest infant formula companies in the world and produces almost 10% of global supplies.

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