Sheep prices look set for fur­ther boost ahead of Ra­madan sea­son

Irish Independent - Farming - - NEWS -

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.

Read more: Ring­side, page 17

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