Lamb Trade Remains Strong With Ramadan On 16th May – IFA
IFA National Sheep Chairman Sean Dennehy has reported that the lamb trade remains strong this week, with tight supplies and factories very anxious for stock.
He said hogget prices are ranging from €6.10’kg to €6.20/kg, and small numbers of spring lambs are at €7.00/kg.
Sean Dennehy said some plants and agents are trying to talk down the price after Easter but are also very anxious to get stock.
The IFA sheep farmer leader said it is very clear hoggets are in scarce supply and demand remains strong. In addition, he said supplies will only get tighter in the weeks ahead and with the current difficult weather conditions, any significant supply of spring lamb is some weeks away.
Sean Dennehy said the Muslim festival of Ramadan starts on May 16th, which is only a little over a month away, and this should drive the trade hard in the lead in.