‘Scarce supplies’ drive lamb prices to €5.70/kg

LAMB prices have hit €5.70kg as factories continue to chase supplies.

Prices have risen rapidly over the last two weeks on the back of scarce supplies. In general, prices are in the €5.50 to €5.60/ kg region, and some finishers have secured €5.70/kg.

Mart prices have also kicked on strongly, with wholesalers and factories paying the equivalent of €5.70/kg and more.

“Supplies have become very scarce, with factories actively chasing lambs. Ewes are making in excess of €3.00/kg,” said IFA National Sheep chair Sean Dennehy, who pointed out that the IFA has proposed that the payment bonus for quality assurance should be increased to 30c/kg.

SEE RINGSIDE, P17