Lamb prices show recovery

Marts: Lamb prices showed a slight recovery at the factories yesterday with producers being offered a base price of up to 420c/kg (150p/lb) talks between producers and processors on price were described by both sides as “constructive”.

Following the meeting in Dublin last evening, IFA President John Dillon expressed confidence that the price of lambs will continue to improve over the coming weeks and confirmed that it had been agreed with the processors that slaughter weight limits will be increased. The association will monitor the situation day-to-day and both sides will meet in a month to review the progress.

Cormac Healy, said that Meat Industry Ireland - whom he represents - proposed the establishment of a Lamb Development Council at the meeting.