Australia Rides High on Record Sheep Prices as Meat Exports Surge
June 25, 2025 – Australia’s sheep meat industry is experiencing a remarkable boom, with record prices and soaring export volumes marking a strong recovery from last year’s oversupply crisis.
According to a recent report by Reuters, the country has capitalised on tightening global supplies and rising demand, particularly from the United States and China.
In the first five months of 2025, Australian sheep meat exports surged by 40% compared to the same period last year. This growth has been driven by a combination of favourable weather conditions, improved pasture availability, and strategic herd rebuilding efforts following a challenging 2023, when prices plummeted due to an oversupply of livestock.
Meat & Livestock Australia (MLA) reports that lamb prices have reached unprecedented levels, with average export values climbing significantly. The U.S. has emerged as the top destination for Australian lamb, while China remains a key market for mutton.
Industry analysts suggest that the current momentum could continue into the second half of the year, provided global demand remains strong and Australia maintains its competitive edge in quality and supply chain efficiency.
This resurgence is a welcome boost for Australian farmers and exporters, many of whom faced financial strain during the previous downturn. It also underscores the resilience of the red meat sector and its ability to adapt to shifting market dynamics.
Original reporting by Reuters. Read the full article here.
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