Overseas meat markets
A ban imposed by France on lamb-■. imports from Britain pending the outcome of veterinary tests has affected the whole .United Kingdon lamb market, reports the New Zealand Meat Producers' Board in its weekly market survey. The French tests are to determine whether British lambs have been fattened with hormones, a practice which is illegal in France. As a consequence of the ban, there was a sharp fall in
domestic lamb prices on United Kingdon wholesale markets which in turn caused a further weakening in values for New Zealand lamb. On Smithfield Market NewZealand PL grade was quoted at 58.8-60.0 p per lb. and PM grade, 58.0-59.0 p per lb. In the United States, there was an immediate response to the announcement of the new quota restraint which means that no further sup-
plies from New Zealand will be admitted during the last quarter of 1982. Spot-market prices rose between 5 and 10c a pound, according to the type of cut, with New Zealand manufacturing cow beef being quoted at 105 United States cents per lb. c.i.f., and bull beef, 114 United States cents per lb.
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Press, 13 September 1982, Page 24
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189Overseas meat markets Press, 13 September 1982, Page 24
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