Cork Chamber welcomes a new report launched by Cork County Council and CIT which predicts increased dairy exports from Cork of €450 million by 2020 leading to 4,000 extra jobs for the region. The report forecasts that the abolishment of milk quotas will result in a 50% increase in milk output by 2020. This will be of enormous benefit for the county in terms of new jobs and an increase in the value of output and exports from Cork of €450 million per annum in 2020 relative to the present. This output is being underpinned by the huge investment in the dairy sector of over €1.2 billion which is currently in progress in the county at farm and processing level.