Up to 15 cents per kg taken off factory lamb prices

LAMB prices were under pressure again this week at factories, where up to 15 cents/kg (5p/lb) was wiped off quotes for the start of the week’s trading.

When the factories re-opened on Tuesday, the base price had slipped to 346 to 340 cents/kg (123p to 121p/lb) at all of the factories, a decline of 10 to 15 cents/kg (3p to 5p/lb) from a week earlier.

Processors blamed declining demand in France, and the return of UK lambs to the market.