NZ lamb exports likely to drop this season amid weak demand in China, UK

Wed, 16 Dec 2015

By Tina Morrison Dec. 16 (BusinessDesk) - New Zealand farmers are heading for lower returns for their lambs this season amid weakness in the country's two largest export markets in China and the UK. While prices for the first of the new season lambs processed in October and November for the UK Christmas chilled market were similar to last year, that won't be enough to offset weakness in the broader market as the season cranks up to its peak production period from now through till May, according to AgriHQ senior analyst Nick Handley. Ac...

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