Lamb and mutton prices have been on a decreasing trend since the middle of 2022. As with beef, this is driven by persistent and increasing strain on consumers' disposable income. In addition to this, improved veld conditions in key lamb production areas have also likely started to contribute to an increase in supply. The shining star of the sheep meat sector has however been the growth Lamb and mutton market dynamics
in exports, especially to Middle Eastern markets (see Figure 2.3 to the right). This is likely to continue to provide some price support over the coming months. With currency pressures building, lamb exports are looking increasingly positive but the rapid growth apparent over the past years could be limited by the logistical capacity to move carcasses to export markets.
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