Australian Farmers were pinning their hopes on Greek families to feast on lamb this Easter in a bid to boost lamb prices. But alas, the souvlas weren’t spinning as fast as the farmers could hope which in turns has meant the price of lamb continues to fall well below last year’s records.
Victorian abattoir owner Rob Radford says the high Australian dollar means the market for by-products, such as skins, has dropped, decreasing the lamb price.
“Domestic lambs are making from 450-470 cents per kilo, export lambs are probably down to about 430 a kilo,” he said.
“Compared to 12 months ago, you might have been looking at well over $6 for domestic lambs and $5.80 or $5.50 or $5.60 for export lambs, so it’s a fair bit cheaper.
“It doesn’t matter which part of the business – wholesale, retailing or exporting – the meat industry is very very soft at the present.”
