Market Morsel: Ovine exports and production
Annual Australian mutton and lamb exports as a proportion of production have been on an increasing trend since the mid 1990s, demonstrating the steady growth in export markets.
It’s a credit to the work Meat and Livestock Australia put in to developing new markets for red meat our products and maintaining existing trade relationships.
- Over the last five years the proportion of sheep and lamb production that goes to export has been 69.7%
- During the first half of 2020 the proportion of exports has eased toward the average seasonal trend and unlike beef exports is now trending below the 2019 season’s pattern.
- This suggests that in recent months the softening in lamb and mutton export volumes has been driven by a combination of tighter supply, reduced production and a softening of offshore demand.
It probably goes some way to explain the recent weakening in lamb and sheep saleyard prices, while cattle prices have managed to hold their ground.
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