NZ lamb supply shortage drives up prices in international markets

Mon, 10 Apr 2017

By Tina Morrison April 10 (BusinessDesk) - A drop in slaughter rates in New Zealand, the world's largest exporter of lamb meat, has pushed up prices to multi-year highs in export markets. Benchmark frozen lamb prices for legs, french racks, forequarters and flaps all lifted in March, according to AgriHQ's latest monthly sheep & beef report. Demand for lamb in overseas markets is coming at a time when supplies are lower than normal in New Zealand as good grass growth prompts farmers to retain their stock for longer to increase their w...

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