Sheepskin prices stabilised

LAMB prices eased back a little at factories this week, with when slaughtering resumed after the long week-end.

Most of the factories have dropped their quoted prices by 6 cents/kg (2p/lb), but the factories which paid at the higher rates last week are back by as much as 12 cents/kg (4p/lb) to a general base prices of 330 cents/kg (118p/lb). The usual bonus rates payable at the individual factories apply.

Higher prices had been sustained over the previous week due to improved demand for lamb in France in the lead up to the Muslim festival, Ramadan, but demand has taken on a quieter tone since.