Anger as factories continue to chop lamb price

THE meat plants have been accused of trying ‘to make a fast buck’ on the backs of sheep farmers with lamb prices now back by a euro per kilo, as compared to just over a month ago.

Farm leaders have said that the factories are trying ‘to tough it out’ before more finished lambs begin to come on the market over the next month or so.

Galway IFA Chairman,  Stephen Canavan, told the Farming Tribune that there was no good reason for the chain of factory price cuts over the past five weeks or so.

“All the information we are getting is that the supply of finished lambs is still quite limited but the factories have obviously taken a decision to cut now, before the number of finished lambs increase through the Autumn.

“It’s just another example of the meat plants trying to make a fast buck at the expense of the primary producer at a time when input costs for farmers have never been as high,” said Stephen Canavan.

Lamb prices are this week hovering at the €6.50 per kg mark – down from a high of over €7.50 per kg in late June, equating to a price drop for farmers of around €20 per lamb.

For more, read this week’s Connacht Tribune.

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