Further slide in lamb prices

Marts: The marginal improvement in lamb prices at the factories on Tuesday was wiped out threefold in another bad day’s trading for producers yesterday.

The export plants reduced their quoted prices by up to 11 cent/kg (4p/lb) yesterday dropping prices to their lowest this year for the new season lamb with base prices ranging 375-364 cent/kg (134p-130p/lb).

Strong supplies of lamb from Britain at low prices and poor demand from consumers in France remains the underlying cause of the continued slide in prices, the future of which remains uncertain on the export market.