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Unwarranted Cut in Lamb Price Continues

Jul 3, 2014 | Press Releases | 0 comments

July 3rd 2014

ICSA sheep chairman Paul Brady has criticised a further cut in lamb prices, with factories now quoting €4.80/kg, following on from a drop to €5.20/kg last week.

“These recent price cuts are completely unwarranted and putting severe pressure on farmers,” said Mr. Brady. “There appears to be no issue with demand. Ramadan continues for most of this month and factories are happy to quote but €4.80/kg is an unrealistic price for our product. While prices do tend to slip back at this time of year, a drop of 70c in a matter of weeks is completely overdone and out of line with international markets.”

“It also continues to be a source of frustration that factories are only quoting for lambs up to 21kg. While some supermarket and continental markets have very rigid specs in terms of weight, there are many domestic outlets for slightly heavier lambs. ICSA also believes that lambs with top-grade conformation should be very saleable at 22 or 23kg.”

“We now seem to be in a damaging race to the bottom, as factories try to run ahead of the traditional late summer price drop,” continued Mr. Brady. “This is a further example of manipulation of prices by meat factories, just as we have seen already this year in relation to beef.”

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ICSA president Dermot Kelleher has said ICBF have gone too far with their changes to the beef breeding indexes regarding pedigree bulls. Commenting on the changes which came into effect this week Mr Kelleher said, “ICSA met with ICBF back in early November where we were reassured that no drastic changes would be made; this has turned out to be far from the case however. The changes are proving to have considerable ramifications for farmers participating in the SCEP scheme and indeed for the future of the suckler sector as a whole,” he said.

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