Australia Rides High on Record Sheep Prices as Meat Exports Surge
Australian Sheep Meat Industry Booms with Record Prices and Export Growth
The Australian sheep meat industry June 2025 is enjoying record highs. Prices and exports are surging, marking a sharp recovery from the oversupply crisis of 2023.
Strong Export Growth
In the first five months of 2025, exports of Australian sheep meat jumped by 40% year-on-year. According to Reuters, this growth reflects tight global supplies and rising demand, especially from the United States and China.
Improved weather and stronger pasture availability have also supported the rebound. Farmers are rebuilding herds strategically after a difficult 2023, when oversupply drove prices to unsustainable lows.
Record Prices
Meat & Livestock Australia (MLA) confirmed that lamb prices have reached unprecedented levels, with average export values climbing steadily. The U.S. has now become the top buyer of Australian lamb. At the same time, China remains the primary market for mutton, underlining the importance of diversified export channels.
Industry Outlook
Industry analysts believe this positive momentum could last through the second half of 2025. However, the outlook depends on continued strong demand and Australia’s ability to maintain its competitive edge in both quality and supply chain efficiency.
For many farmers and exporters, this resurgence brings welcome relief. Just two years ago, the sector faced heavy financial pressure from oversupply and weak global demand.
Sector Resilience
Overall, the Australian sheep meat industry June 2025 update demonstrates resilience in the red meat sector. With exports rising and prices hitting records, Australia has reinforced its role as a leading global supplier of lamb and mutton.
Original reporting by Reuters.
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