Supply shortages overseas pushing up lamb prices

Some parts of the country will begin weaning lambs after New Year. (Image: Getty)

Mon, 16 Dec 2024

Supply shortages in overseas markets appear to be driving up sheepmeat slaughter prices.Market data shows prices are roughly $1.50 a kilogram ahead of this time last year.While beef prices have remained strong, lamb prices have been under significant pressure in recent seasons, impacted by soft demand in China – typically New Zealand’s largest market – and products from competing countries, such as Australia, flooding the international market.'Generally positive'The latest figures from the Meat Industry Association (MI...

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