NZ lamb returns may be dented as kiwi rises to two-month high vs pound

Sun, 15 Jan 2017

By Jonathan Underhill Jan. 16 (BusinessDesk) - Returns from New Zealand's lamb exports may be restrained by the kiwi's strength against the British pound, which is heading back to its highest levels in at least four decades. The benchmark price of a leg of lamb in the UK was unchanged at 4.35 British pounds per kilogram in December, down from 3.80 pounds/kg six months ago but up from 3.30 pounds/kg in the same month last year. By contrast, lamb flaps, a popular meat in China for traditional hotpot dishes, rose to US$5.40/kg from $5.10/kg...

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