June 27th 2014

ICSA Sheep Chairman Paul Brady has criticised the sudden drop in lamb prices this week, despite a boost in demand due to the Ramadan festival which begins on June 28th and runs for a month.

“Prices have dropped from €5.80/kg on Monday to €5.20/kg today. This is a savage and unwarranted cut,” said Mr. Brady.

“Even though supplies have been a little on the strong side this week as farmers return to selling after the recent good weather, this must be counter-balanced by the increase in demand associated with Ramadan.”