In Australia, retail lamb prices grow 200 percent since turn of century

In recent months a large overflow of old season lambs processed were able to be shifted into our export markets and still at a good price. Over the last two decades Australia's domestic red meat consumption has plummeted, sheepmeat in particular. According to the latest red meat data from the Department of Agriculture, Water and Environment (DAWE), in 2000, 62 per cent of Australian lamb was consumed domestically, with the remainder exported. Just over 20 years later, in the first half of 2022, 60pc of Australian lamb production was exported with almost all of Australian mutton exported. In fact, export demand is stronger than it has ever been. MLA's group industry insights and strategy manager Scott Cameron said there has been a number of fundamental changes during the course of the 20 years attributing to the domestic decline. And he said the number one driver of the downturn was affordability. "Price growth for lamb over the last 20 years at a retail level has grown about 200pc ...