Lamb producers losing £29 a head

Lamb producers are losing an average of £29 a head, after prices reached their lowest level since November 2009.

Plagued by cheap imports and subdued export demand, R3L prices averaged 337.5p/kg in the week to 5 January – 12.7p/kg lower than last week and 118.8p/kg less than at the same time last year. “We are faced with really challenging conditions on the world market while seeing a considerable reduction in the price that our retailers pay,” said Charles Sercombe, NFU livestock board chairman. “Prices to the consumer and demand have remained high, so where is the money going?”

>> Read more on the depression in lamb prices