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19 Jun 2024 5:18
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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
     05 Jun: Dairy prices are up another 1.7 percent in this morning's latest Global Dairy Trade auction
     29 May: Fonterra remains wary about the state of the global dairy market
     21 May: Farewell Anchor, Fresh'n Fruity and Mainland: what’s behind Fonterra’s decision to sell its consumer brands?
     17 May: Uncertainty around Fonterra's plan to sell well-known brand Anchor
     17 May: Fonterra's CEO says the co-op's decided to divest a number of overseas operations, for the good of the business
     23 Apr: Sheep farmers are being urged to hang on
     21 Mar: The boss of Fonterra is playing down concerns about the Chinese market
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