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Lamb and Sheep Meat Annual Review 2018

Lamb and Sheep Meat Annual Review 2018

This year's Australian Lamb and Sheep Meat Annual Review has been released and forecasts export growth and a buoyant price outlook for the industry, albeit tempered by the weather forecast.

The price of lamb and mutton exported in January to April 2018 increased by five and 3.5 per cent respectively, due to increased slaughter rates and higher export volumes. This follows strong export volume growth in 2017 which saw the industry’s value rise by $622 million to reach $3.7 billion.

The Review advises that while the outlook for 2018 remains positive for sheep producers, drier than average conditions have forced some producers to purchase more feed or consider turning-off stock, rather than increasing flocks to benefit from these historically high prices.

> View the report

Source: Rural Bank


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