Demand lifts for lamb

Press, 5 March 1988, Page 26

Demand lifts for lamb

PA Wellington New Zealand lamb has been in better demand in Britain as a result of domestic prices improving, the Meat Board said this week. So far, this has not shown improved sales and trade is described as steady. / During, the last 10 days the New Zealand qimb Promotion Council has made seven successful presentations to various sectors of trade in Britain.

The subject of the presentations was the spring “Anyday" promotion campaign due to start on March 14. On Smithfield market this week, New Zealand PL grade lambs were quoted at 62 to 63 pence a pound (NZ367c to 373 c a kg). Domestic beef prices

remain unchanged, while heavier weight range pork has firmed by 4p a podnd and lower weight ranges have weakened by 6p a pound. Poultry remains in good demand, but even these prices have fallen by 3p a pound at wholesale levels since last week. 1

The U.S. beef market is in a volatile state. The cattle slaughter since [the beginning of the year is 6.2 per cent below [the level for the corresponding period last year, i Despite reduced Supplies, prices fell because of weak demand. Prices for imported beef firmed earlier in the week, [ but weakened in responsfe to falling domestic prices. Imported manufacturing bull beef was quoted at USU4c a pound cif (NZ3BBc and 381 c a kg respectively).