The Brexit is hurting Flemish food producers in their wallets. Against the Belgian Felt processors say that exports have become about 15 percent more expensive. Costs that they bear themselves.
Due to the withdrawal of the United Kingdom from the EU, the pound has fallen rapidly in value and this will not change soon, according to Flemish companies. According to Ardo, producer of frozen vegetables, exports have become 15 percent more expensive. "Our company will bear two-thirds of that loss itself, the rest will be absorbed by a price increase," says Rik Jacobs.
That also hurts potato processor Agristo. The Belgian-Dutch chip factory exports almost 100 million euros to Great Britain every year. 'That will not change quickly, because Great Britain has no production itself. But that 15 percent does hurt our company," Dirk Decoster admits.
'The volatile exchange rate of the pound also makes it increasingly difficult to conclude contracts. 'He also fears that other countries will follow the example of the British. 'The greatest risk lies in protectionism.'
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