{"id":19363,"date":"2023-10-18T14:07:21","date_gmt":"2023-10-18T14:07:21","guid":{"rendered":"https:\/\/www.selinawamucii.com\/news\/?p=19363"},"modified":"2023-10-20T11:02:38","modified_gmt":"2023-10-20T11:02:38","slug":"australia-mutton-lamb-get-cheaper-and-cheaper","status":"publish","type":"post","link":"https:\/\/www.selinawamucii.com\/news\/2023\/10\/18\/australia-mutton-lamb-get-cheaper-and-cheaper\/","title":{"rendered":"Australia’s mutton, lamb get cheaper and cheaper"},"content":{"rendered":"\n

For the first time in 2023, the retail prices of lamb meat and mutton in Australia<\/a> have slumped to AUD$10 per kg<\/a>. The drop marks an initial 10% reduction of an oncoming bigger slash.<\/p>\n\n\n\n

This means that mutton is as cheap as chicken and may reduce further if retailers match farm gate price cuts.<\/p>\n\n\n\n

By October 17, 2023, farmers were receiving AUD$4.70<\/a> per kg for farm-slaughtered lamb, making it affordable to most consumers.<\/p>\n\n\n\n

Economists however cite that the 37%-50% fall in lamb meat price at the farm gate may take several months to register at Aussie supermarkets.<\/p>\n\n\n\n

For now, however, shoppers are content with the slight price reduction. Retail stores including Woolworth’s, Coles and Aldi have decreased the cost of lamb by only AUD$0.9 per kilo.<\/p>\n\n\n\n

Meat producers however decry the laxity by supermarket and retail stores to reciprocate their price slash and bring trade parity.<\/p>\n\n\n\n

The nearing onset of the El Ni\u00f1o summer in the Southern Hemisphere has forced producers to mass sell their livestock. Farmers fear a repeat of drought as in the summer of 2020 and have been selling their sheep in droves. To compound this situation, the country expects a 23% increment in its sheep flock in 2023. As a result, farm gate sales price in October have plummeted by as much as 50%<\/a> below those of early 2022.<\/p>\n\n\n\n

Other popular animal protein sources <\/a>also showed slight drops in their market cost in the week ending October 15, 2023. Turkey meat at Australia’s grocery stores, for instance, lowered by 9.6% in the same week from the previous one.<\/p>\n\n\n\n

Also accompanying the drop in consumer market prices of meat, is a lush stone fruit season in the Australian summer. The sector, which is presently enjoying a 3.5%<\/a> annual growth serves as price refuge for a fruit-loving consumer market.<\/p>\n\n\n\n

The markdown in meat and fruit costs ameliorates the steep price rises in the food and beverage sectors in 2023. Stats indicate that the two sectors saw a 7.5% <\/a>price increment between June 2022 and mid-2023. Flour products including bread spiked by 11.6% and dairy notched up by 15.2% during the same period.<\/p>\n","protected":false},"excerpt":{"rendered":"

For the first time in 2023, the retail prices of lamb meat and mutton in Australia have slumped to AUD$10 per kg. The drop marks an initial 10% reduction of an oncoming bigger slash. This means that mutton is as cheap as chicken and may reduce further if retailers match farm gate price cuts. By…<\/p>\n","protected":false},"author":3,"featured_media":18216,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[2],"tags":[],"yoast_head":"\nAustralia's mutton, lamb get cheaper and cheaper - Selina Wamucii | Food & Agriculture News<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.selinawamucii.com\/news\/2023\/10\/18\/australia-mutton-lamb-get-cheaper-and-cheaper\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Australia's mutton, lamb get cheaper and cheaper - Selina Wamucii | Food & Agriculture News\" \/>\n<meta property=\"og:description\" content=\"For the first time in 2023, the retail prices of lamb meat and mutton in Australia have slumped to AUD$10 per kg. 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