Frolicking lambs © 123RF
Frolicking lambs © 123RF

Lamb prices spring up

Paul Snell is managing editor at Supply Management
23 March 2016

The wholesale price of lamb has risen as retailers prepare for the Easter sales boom.

According to Mintec, prices were up 8% month-on-month from £3.86 per kilo in January to £4.14 per kilo in February.

But prices are actually 2% lower compared with the previous year, from a price of  £4.27 per kilo in February 2015. Mintec said this was due to good pasture and a mild winter improving lamb carry-over from 2015.

Easter is the seasonal peak for lamb consumption in the UK, with an estimated 8,000 tonnes eaten.

Lamb prices are expected to remain high until summer, when lower demand will see a fall.

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