Lamb flap prices jump to 18-month high on Chinese New Year demand

Mon, 07 Nov 2016

By Tina Morrison Nov. 8 (BusinessDesk) - Lamb flap prices jumped to their highest level in a year and a half, driven by increased demand from China where buyers are stocking up for New Year celebrations. The price for lamb flaps rose to US$4.70 per kilogram in October, up from US$4.50/kg in September and US$3.80/kg for the same period a year earlier, according to AgriHQ's latest monthly sheep & beef report. That's the highest level recorded by AgriHQ's since April 2015. Lamb flaps are popular in China for use in traditional hotpot dish...

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