Moderate demand for N.Z. lamb
PA Wellington There was a moderate demand for New Zealand lamb in Britain this week, which is considered traditional for this time of the year, the New Zealand Meat Producers Board said. Although the British dock strike is showing signs of weakening, New Zealand containers were still being shipped over. New Zealand lamb prices held steady this week and although stocks were quite tight, availability has been sufficient to meet demand. On Smithfield market this
week, New Zealand season PL grade carcases were quoted at about 66 pence a pound (NZ4OBc a kg). Domestic lamb prices dropped by nine pence a pound at live auction and hook.
There was little activity in the north American beef market this week.
Domestic beef prices dropped by USIOc to 11c a pound. Imported 95C1 bull beef was quoted at USl26c and 90CI cow beef at USll7c a pound cif (NZ4BOc and NZ445c a kg cif respectively).
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Press, 22 July 1989, Page 30
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158Moderate demand for N.Z. lamb Press, 22 July 1989, Page 30
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