Market update: New Zealand lamb prices

By RJ Whitehead

- Last updated on GMT

Related tags Currency New zealand

© iStock
© iStock
New Zealand lamb prices were down by 5% in September, compared to the previous year, due to a decline in exports as a result of lower production and the effect of the strengthening dollar. 

According to Mintec, the commodities analyst, both chilled and frozen exports have been falling since May 2016—recent data shows that July exports were down by 22% from last year at 16,857 tonnes. 


The strengthening dollar has made New Zealand produce more expensive on the global market, having rallied by 15% since the end of January against the US dollar. It has also strengthened against other major currencies due to an increase in demand from investors as a result of high interest rates in New Zealand. 

Exports have also weakened because of a decline in slaughtering and production, due to a drop in the number of ewes put to the ram in 2016. 

Related topics Markets Oceania Industry growth Meat

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