It also notes that the trade across our key export markets remains slow.
Average lamb prices eased with base quotes for Spring lamb generally making between €4.50 and €4.70/kg. Prices paid for cull ewes are continuing to remain steady making between €2.30 and €2.60/kg.
Supplies for the week ending July 12th stood at around 58,500 head, which is around 2,000 head or 4% lower than the corresponding week in 2013. Cumulative supplies are around 1% higher than 2013 figures standing at around 1.25 million head.
Bord Bia says in Britain trade has shown a further decline on the back of slow demand. The SQQ live price for new season lambs in England and Wales was making the equivalent of around €5.21/kg dw during the week.
In France, the trade showed few changes from the previous week with prices remaining relatively steady as a result of the good weather. The Irish Grade 1 Spring lamb price was making around €5.25/kg (inclusive of VAT) during the week.