Spring lamb quotes have increased, with up to €7.80/kg on offer, IFA national sheep chair Sean Dennehy has said.
The IFA has called for early lamb producers to be rewarded with a premium that reflects the costs associated with the production system and the long-term commitment of these farmers in providing high-cost lamb for factories.
“Current prices for spring lamb are not reflective of the value of this premium product and the costs associated with producing it,” Dennehy said.
The IFA has predicted that demand for hoggets and lambs will continue to strengthen over the coming weeks.
“Buying for the Easter trade is in full swing and will be followed immediately afterwards by Ramadan, which starts on 13 April,” Dennehy continued.
“Numbers are extremely tight and factories and wholesalers are competing strongly for supplies. Factories are paying €7.30-€7.40/kg for quality assured hoggets, with higher deals available for groups and larger lots. Cull ewes are making from €2.90-€3.20/kg in general.”