EU sheep prices remain firm
Despite recording some seasonal pressure recently, GB finished lamb prices remain at historically high levels.
Throughput for the year-to-date is slightly up on last year, indicating that there is no shortage in supply, with production forecast to remain higher for the rest of the year.
European lamb prices have generally been on an upwards trend since the beginning of the year, supported by lower production in the first quarter. In Spain, prices have been on a steady incline over the past few months. However, they remain notably behind their Nov-21 peak, standing at €6.76/kg (572.9p/kg) in the week ending 18 July. French prices have shown consistent strength, peaking in July at €8.12/kg (700.5p/kg). Irish prices started off the year slightly ahead of 2021, however dipped below year-ago levels between March and April. The Irish price peaked at €8.00/kg in mid-June (683p/kg), but has since come under pressure, posting a similar trend to the GB price.
Charlotte Forkes-Rees / AHDB
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