Concern over lamb prices deepens
Another meat body has expressed its concern at the fall in lamb prices as supply increases.
After Quality Meat Scotland (QMS) reported a cooling of lamb prices, Hybu Cig Cymru – Meat Promotion Wales (HCC) has joined the discussion, confirming that a greater number of lambs have come into market earlier than usual. Like QMS, HCC has also cited the strong pound against the euro as a contributor to the problem.
The UK beef industry has already been suffering from a farmgate price crisis, and summits have been held to find solutions.
John Richards, HCC’s industry information executive, said: “This year, thanks to a good lambing season and mild weather, there is a significant increase in the number of lambs now reaching the market. It must also be borne in mind that lambs are entering the market earlier this year, extending the season. It means that the traditional seasonal trend has occurred a few weeks earlier this year than usual.”
HCC said the falling lamb price highlights the importance of diversifying exports. Richards added: “This reinforces HCC’s strategy of looking for other markets around the world, so that we are not entirely dependent on one currency for our export trade. We are already exporting Welsh Lamb to the Middle and Far East, as well as Scandinavia and Canada, while working to gain entry into new markets including China and the USA.”
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