By Angus Brown | Source: ABS, MLA's NLRS, Stats NZ
We’ve been reading recently that export lamb prices are being depressed by a glut of the supply of boxed lamb on export markets, some of which is being diverted to domestic markets to get it moving. The impact on lambs markets has been a 10-15% fall in over-the-hooks and saleyard values. Generally, a supply glut is caused by heavy supply, or weakening demand. We suspect this situation is the former, and went looking for the data to prove it.
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