The review shows the Australian sheep industry is continuing to go from strength to strength off the back of increased prices, production and exports.
Strong demand and tight supply in the first half of 2017 has caused the National Trade Lamb Indicator (NTLI) to continue to average higher for the fourth year in a row, averaging 639c/kg cwt for the first half of 2017, 14 per cent higher than the same period last year.
National mutton prices are also averaging 38 per cent higher than 2016, as producers held onto their breeding stock and capitalised on strong wool prices.
Launched by Rural Bank’s insights team Ag Answers, the review provides producers and industry with a concise analysis on sheep flock, lamb and mutton production, seasonal conditions, prices and demand in Australia and the global market.
View the report (PDF, 1.1MB)