Sheep prices look set for further boost ahead of Ramadan season
A SHORTAGE of supplies and the start of the Ramadan festival are expected to further boost sheep prices in the coming weeks.
“The scarcity of spring lamb in recent weeks has definitely helped the trade and prices are well up, which should encourage farmers,” said Sean Dennehy of the IFA.
“Hopefully the surge at the moment will change the minds of those who had considered getting out of early lambing. In recent years the return was simply not there but with numbers down this year, in particular, this has been ref lected in current prices.
“Supplies are slow due to the extended winter, but this is expected to improve in the coming weeks which will coincide with the Islamic festival of Ramadan, which gets underway next Tuesday, May 15 and runs until June 14.”
The spring lamb slaughter figure at the end of April was 13,000, down 8,000 on last year. Spring lamb is currently making between €7.10-€7.30/kg, up 14pc on last year, with hogget prices between €6.30-€6.50/kg.
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