Lamb boom continues

National mutton prices are 38 per cent higher than last year.

National mutton prices are 38 per cent higher than last year.

THE latest report from Rural Bank shows the Australian sheep industry continues to go from strength to strength off the back of increased prices, production and exports.

The study showed strong demand and tight supply in the first half of 2017 had caused the National Trade Lamb Indicator (NTLI) to continue to average higher for the fourth year in a row.

Rural Bank’s 2017 Australian Sheep Annual Review said the average price for lambs was 639c/kg cwt for the first half of 2017, 14 per cent higher than the same period last year.

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