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Lamb Price Drops After Muslim Festival

06 October 2015

UK – British lamb trade took a hit last week in the wake of the religious festival Eid-al-Adha.

Prices were back 10 pence on the week at 143.8p/kg, also 10 pence back on the same week last year, according to levy board AHDB Beef and Lamb.

Lower prices come despite a 30 per cent drop in lamb throughput, which puts supply 25 per cent down on the same time last year.

An AHDB spokesperson said: “Demand appears to have eased significantly following the Muslim festival of Eid-al-Adha, which is thought to have been supporting the trade in previous weeks.

“Prices have been falling steadily throughout the week, with prices on Wednesday 30 September dropping below 140p/kg for the first time this year at 139.4p/kg, 13p below the previous week.”

TheSheepSite News Desk