Lamb Price Reduced

Press, Volume CVIII, Issue 31863, 16 December 1968, Page 16

Lamb Price Reduced

Farmers will receive 0.9 c per lb less for lamb meat for export as from today. The reduction in price applies to all grades and weights. There are no alterations in the separate skin payments for pelt and wool. The reduction in price for meat has been made in the light of expected reduced prices for New Zealand lamb when the main weight of new season’s lamb reaches the market early in the hew year. Lambs now being bought will not reach the market before March and it may be April. An industry spokesman said that although prices for New Zealand lamb in Britain were holding up well, quantities coming forward were not very large and there was no reason to believe that the market would not fall back when the main weight of lamb started to reach the market, in accordance with the normal pattern. The new prices for lamb meat to the farmer are.— Prime: 20 to 281 b, 14.2 c per lb; 29 to 361 b, 13.8 c; 37 to 421 b. 12c; 431 b and over, 11.3 c. Fair average quality: 20 to 281 b, 13.3 c; 29 to 361 b, 12.9 c: 371 b and over, 12.1 c. Omega: 20 to 28lb, 12.5 c; 29 to 361 b, 12 c. Alpha: 10.7 c. Shin payments range from 106 c per head for a lamb with a Ulb wool pull to 140 c for a lamb with a 2jlb wool pull.