1 November 1996

Lamb price up

LAMB prices rose again this week, with Mondays average of 120.7p/kg up 3p on last week.

But lack of quality is a limiting factor in some cases, as recent inclement weather takes its toll.

Auctioneers say the best stock, at over 130p/kg, is worth up to 30p/kg more than the poorly finished sorts.

In addition to the influence of lower quality, "consumer resistance" will limit too rapid price rises, says Stamford, Lincs auctioneer Paul Eke.

Early season predictions of £80 finished sheep by Christmas now seem unrealistic, he says. But having seen £62 reached on Monday, he is confident a reasonable return is still available for those who have bought stores.

While confidence remains high, talk of the £100 hogget this season seems to have disappeared, according to Gary Capstick at Lancaster mart.