Up to 15 cents/kg price recovery in past fortnight

THERE has been a glimmer of hope for hard-pressed lamb producers, as price recovery continued for a second consecutive week.

Although coming from a low base, an increase of 5 to 10 cent/kg (2p to 4p/lb) has been welcomed by suppliers, bringing the base price at the plants on Tuesday to 366 cents/kg (131p/lb).

The usual bonus of 6 cents/kg applies for quality. Prices have now recovered as much as 15 cents/kg over the past fortnight.