Sunday , April 11 2021

Lamb prices fell to a record high on the export boom



Kiwis made lambs a record price, as the grilling season begins to run, but lettuce is on its way down.

The increase in export prices of the lamb and the lower New Zealand dollar export prices have led to price increases, according to Geraldine Duoba, Consumers of Consumer Prices, Statistics Finland.

Last month, lamb cattle paid 7.7 percent more than in September and was $ 17.12 per kg. The price of sausages also rose by 4.9 percent to $ 10.30 per kilogram.

In October, meat and poultry rose by 2.5 per cent monthly from January 2016.

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Lamb is seeking high prices in the overseas market, so Kiwis will pay more.

SUPPLIED

Lamb is seeking high prices in the overseas market, so Kiwis will pay more.

Tomatoes, salads and zucchini are, however, lower than the warmer weather. Vegetables fell by 8.7 percent last month, while in September it fell by 8.7 percent.

But what is painful for Kiwian consumers is a positive side for farmers. ASB analyst Nathan Penny said that although lamb prices had "started boiling in the digester" last month, they remained very high.

"October prices were on average 11 per cent above October 2017. In addition, October's prices were 29 per cent higher than the averages in the previous five-month period."

Penny predicts that prices will remain strong during the rest of the year, partly because lamb supply is limited both in Australia and locally. Beef + Lamb NZ has estimated that this year's lamb growth is almost one million less than last season.

Even the humble sausage has recently risen from the price.

123rf.com

Even the humble sausage has recently risen from the price.

Chinese and American consumers can not get enough reward meat, and the export period of 2017-18 ended at 18% and 21% on the previous year.

"Although we expect moderate prices in line with seasonal fluctuations, the 2018-19 season will be healthy for farmers," Penny said.

If lamb chops cost too much, meat lovers can try the steak and porter's steaks, which are slightly lower than those of September.

Prices of tomatoes last month dropped by 22 percent to 6.90 kilograms, while salad dropped by 30 percent to $ 1.28 at 500 grams.

Sugar beet prices declined in September to a limited extent as imports temporarily suspended for biosafety.

Overall, food prices fell by 0.6 per cent in October but rose by 0.3 per cent after seasonal adjustments. Food prices rose by 0.6 per cent annually.

When weather gets warmer, tomatoes come in good delivery and prices drop.

KALIANTYE / ADOBE STOCK

When weather gets warmer, tomatoes come in good delivery and prices drop.


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