Lamb prices up

Press, 26 February 1977, Page 3

Lamb prices up

PA Wellington After the recent announcement that the Meat Produc-

ers’ Board had established a company in London with the power to trade in New Zealand lamb, tvholesale prices for the product increased on Smithfield and other markets throughout Britain. PM grade lambs, having realised prices as low as 40p per lb, increased by 2p per lb last week and remained steady. Sales at this level were not brisk, but this was generally in line with the dilll trade in all meats, according to the board’s London office. The beef and pork trades continued to be slow, with beef prices easing by 0.5 p per lb for sides at wholesale level. However, prices for domestic lamb improved with the continued demand from the French market. Good quality home-killed hoggets rose to as much as 59p per lb. Although the volume of New Zealand beef traded on the American market was not great last week, prices have remained reasonably steady, according to the board’s New York office. Domestic beef production has continued at an unusually high rate.