Some stability returned to the live lamb markets early in the week after a severe price shakeout attributed partly to weak export demand. The national average price had tumbled more than 8p per kg, taking it close to the depressed level of one year ago. Poor export trade to France has been blamed for intermittent trouble in the home market for most of this year, but this is slightly puzzling. While British shippers complain of strong sterling making life difficult for them in Paris, their Irish competitors have repeatedly claimed too many cheap British lambs added pressure to prices already undermined by disappointing French demand and unexpectedly abundant NZ supplies. British export processors are apparently trying to absorb margin pressure, maintaining volumes by weak selling. {{MEAT }}

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