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Tuesday, March 31, 2015

Is export demand for lamb waning, or supply up?

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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Mecardo information is provided to assist in your marketing decisions. It contains a range of data and views on the current market. It is not intended to constitute advice for a specific purpose. Before taking any action in relation to information contained within this report, you should seek advice from a qualified professional. The information is obtained from a variety of sources and neither Mecardo nor Ag Concepts Advisory will be held liable for any loss or damage whatsoever that may arise from the use of information or for any error or mis-statement contained in this report. 

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