Global demand drives record sheep prices

BOOM TIMES: The sheep and lamb industry is booming, with high global demand driving record prices.

AUSTRALIAN sheep producers continue to achieve record high prices off the back of strong export demand and tightening supply, according to Rural Bank’s Australian Lamb and Sheep Meat Annual Review 2018.

A tightening supply in June has caused the Eastern States Trade Lamb Indicator to reach a record high of 712c/kg, with prices expected to remain stable through winter, before easing in spring and into summer.

The price of lamb and mutton exported in January to April 2018 also

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