However, This Price Is Back By 20c/kg Compared To The Corresponding Period Last Week.

Sep 24, 2017  

In the weeks leading up to the festival, throughputs at Department of Agriculture approved sheepmeat export plants swelled and prices, for the most part, held relatively stable. Last week, in the final days leading up to Eid-al-Adha, factories moved to lower spring lambs by 10-20c/kg and most plants were offering base quotes of 470-490c/kg. This France week, with the demand created by the Muslim festival still fresh in mind, factories have moved to knock another 10-20c/kg of base prices; most plants are now offering 460-470c/kg to secure supplies. Like last week, Kildare Chilling continues to lead the way with an all-in-price of 480c/kg (470c/kg base + 10c/kg QA). However, this price is back by 20c/kg compared to the corresponding period last week. Closely following in second place with an all-in-price of 475c/kg (470c/kg + 5c/kg QA) is Kepak Athleague. The same processor was starting negotiations with farmers at 485c/kg + 5c/kg QA last week. Meanwhile, the two Irish Country Meats’ plants have opted to lower their all-in quote to 470c/kg (460c/kg +10c/kg QA) – 10c/kg lower than what was offered during the same time last week. Despite the decline in spring lamb prices, ewe quotes remain largely unchanged from last week and most plants are offering 250-260c/kg for suitably-fleshed ewes. According to Bord Bia, the British sheep trade eased somewhat last week on the back of a rise in weekly throughputs.

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