NZ sheep meat prices lift to record levels on Chinese New Year demand

Mon, 13 Nov 2017

By Tina Morrison Nov. 14 (BusinessDesk) - New Zealand sheep meat prices are being pushed up to record levels as Chinese buyers look to secure supply ahead of their New Year Celebrations. The most recent North Island slaughter price for mutton was a record $4.75/kg, compared with a five-year average of $3.32/kg, while the South Island slaughter price lifted to a record $4.80/kg, from a five-year average of $3.06/kg, AgriHQ said. North Island lamb advanced to $7.30/kg, from a five-year average of $6.21/kg, while South Island lamb advanced t...

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