News | Rural
7 May 2024 9:33
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  •   Home > News > Rural

    Hopes for sheep farmers that the six-year low in lamb prices, will eventually come right

    Hopes for sheep farmers that the six-year low in lamb prices, will eventually come right


    Prices have dropped 20 percent in recent weeks -- with some companies now offering six-dollars-50 a kilo -- down from eight-dollars-30 two seasons ago.

    A large number of ewes have had twins this season, but it hasn't cancelled out the drop in prices.

    Farm consultant Gary Massicks says the dairy industry's recovery is a cause for optimism.

    But he says it might not come until the middle of winter, and by that stage most of their lambs would have been sold.

    © 2024 Newstalk ZB, NZCity

     Other Rural News
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     20 Mar: There's bad news for dairy farmers on the eve of Fonterra's half year results -- with dairy prices dropping a further 2.8 percent at the latest Global Dairy Trade auction this morning
     13 Mar: Sheep and beef farmers are looking down the barrel of their worst year in 15 years
     07 Mar: Sheep and goat milk farmers are being left with few options as the sector grinds to a halt
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