Lambs hold above £6/kg as tight supply helps steady falls
The highs of up to £200/lamb witnessed earlier this year may appear a distant memory, however, after a period of decline, lamb prices have started to stabilise again.
New season lambs averaged at 645.6p/kg deadweight for the week ending 13 July, with trade still slightly above last year’s levels.
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Spring lambs have started to come through in greater numbers, but by historic standards supply remains very tight.
Izzy Shohet, red meat analyst at AHDB, told Farmers Weekly that the sheep trade had seen some significant price pressure in the past month with GB deadweight prices down by more than £2/kg since the end of May.
“The market has been underpinned by lower domestic supply and firm consumer demand, which alongside the earlier timing of religious festivals and strong import levels have exaggerated typical seasonal price patterns so far this year,” she added.
Charlie Reeve | Farmers Weekly
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