Market Morsel: This American Lamb

Market Morsel

Total Australian lamb exports for April trekked sideways, registering just a 4% decline on the figures reported for March. There was 21,801 tonnes swt of Aussie lamb exported during the month to take lamb trade volumes to less than 2% under the five-year average trend for April.

Despite a 6% drop in lamb export volumes to the USA from down under American demand remains strong with 5,575 tonnes reported for April 2021. This represents levels that are 24% above the seasonal pattern according to the five-year average for April.

After a strong surge in Aussie lamb demand from China during the first quarter of the year volumes has eased back under the average pattern over April. Lamb exports have dropped 16% from the levels seen in March to register 4,735 tonnes shipped, which represents levels that are 8% under the five-year average for April.

In a positive sign pointing towards a recovering global economy the flow of Aussie lamb to “other destinations” gained 5% during April to see 9,390 tonnes consigned. This takes the lamb flows to “other destinations” to within a whisker of the average seasonal pattern to sit just 1.5% under the five-year average for April.