Farmers Guardian
Topics
How to spot BSE and what farmers can do to prevent it

How to spot BSE and what farmers can do to prevent it

DataHub

DataHub

Dairy Farmer Magazine

Dairy Farmer Magazine

Auction Finder

Auction Finder

British Farming Awards

British Farming Awards

CropTec

CropTec

LAMMA 2020

LAMMA 2020

You are viewing your 1 free article

Register now to receive 2 free articles every 7 days or subscribe for unlimited access.

Subscribe | Register

Global ag view: Strong European lamb trade

European prime lamb prices have strengthened in the lead up to Christmas, with demand increasing across the continent.


Alex   Black

TwitterFacebook
Alex   Black
TwitterFacebook
Share This

Global ag view: Strong European lamb trade

But prices were failing to match last year’s level across Europe, according to Quality Meat Scotland (QMS).

 

Stuart Ashworth, QMS director of economic services, said: “France and Spain are showing year onyear falls of 4.5 per cent and 11 per cent respectively, while Ireland and GB, when quoted in euros, are little changed on the year.

 

“Nevertheless, despite producer prices falling in France and Spain, GB prices remain well below these levels, leaving scope for exports.”

 

And exports continued to maintain their importance to the UK market, at about 30 per cent of production.

 

Between June and October, UK slaughter statistics suggested a lamb kill almost 5 per cent lower than last year, resulting in the proportion of the estimated lamb crop already slaughtered slightly lower than in 2017.

 

However, the weekly lamb kill recovered during October to stand at similar levels to last year.

 

In the Republic of Ireland, lamb slaughterings since mid-year have been higher than last year, while their census showed a lower lamb population in June 2018.


Read More

Global ag view: Brazil well placed to satisfy growing export demand Global ag view: Brazil well placed to satisfy growing export demand
Global Ag View: Food price stability under threat Global Ag View: Food price stability under threat
Global ag view: US farmers face millions of dollars of damage Global ag view: US farmers face millions of dollars of damage

“Looking to New Zealand, competition may be less intense in the current marketing year,” said Mr Ashworth.

 

“Beef and Lamb New Zealand, in its most recent assessment of the current lamb crop, forecasted a decline of 1.7 per cent in lamb numbers.”

 

However, carcase weights were expected to be higher.

 

Production

 

In Australia, AHDB analyst Amey Brassington reported production, prices and exports were all up on the year.

 

Drought drove increased lamb and sheep slaughterings in the first half of the year, putting downward pressure on sheep and lamb prices.

 

A more recent tightening in supply resulted in an accelerated price recovery, reaching record highs in August.

 

Prices have declined steadily over the past few weeks but were still more than 10 per cent higher than last year.

TwitterFacebook
Post a Comment
To see comments and join in the conversation please log in.

Most Recent

Facebook
Twitter
RSS
Facebook
Twitter
RSS