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Demand for Sheep Meat Rising as New Australian Price Record Reached

June 6, 2019

June 6, 2019

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Demand for Sheep Meat Rising as New Australian Price Record Reached

Agriculture has long been ingrained within Australia’s export history but changes within the industry have seen shifts away from sheep meat, despite rising demand which saw a new Australian price record for lamb last month, when a mob of 85 lambs achieved $345 per head in Southern NSW.

Agriculture has long been ingrained within Australia’s export history but changes within the industry have seen shifts away from sheep meat, despite rising demand which saw a new Australian price record for lamb last month, when a mob of 85 lambs achieved $345 per head in Southern NSW.

This pricing is a reflection of deep supply constraints which have commenced working through the global marketplace, highlighted by increasing demand for sheep meat.

At present, Australia and New Zealand produce more than 70% of the world’s exported sheep meat. But figures from New Zealand show that total headcount numbers are down 40% from those 30 years ago, whilst Australian flock numbers are down from almost 120 million in 2000 to roughly 70 million today.

Reasons for these decreases in New Zealand include a long-term shift from sheep to dairy, whereas Australia’s agriculture industry has seen a greater shift from sheep to beef and cropping. Beyond this, land degradation, water scarcity and urbanisation have also played a part.

At the same time, we have seen significant population growth in that period and demand for quality lamb continues to be strong, led by China.

Because sheep meat is not impacted by religious taboos and is the preference of consumers in developing nations, demand for sheet meet is increasing in countries with the fastest growing populations.

With Winter now upon us, and with earlier-than-expected rainfall, Australian Food & Farming is well positioned to capitalise on increased demand and rising sheep prices.

At their farms in NSW and Western Australia, the company has employed a series of drought protection measures which have the company positioned towards becoming Australia’s leading producer of quality sheep meat.

Focused in particular on dorper lambs, their flock can produce lamb every eight months, with the breed possessing a particularly high twinning rate, which enables flock growth rates higher than industry standards.

Investors interested in finding out more about Australian Food & Farming, and how to get involved with the Key Advantage Lamb Fund can find out more here.


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