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You are > Home > IFA upset over lamb price cuts
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Thursday, July 22, 2010
IFA upset over lamb price cuts
THE IFA has criticised factories for cutting lamb prices describing the move as excessive and avoidable.
National sheep committee chairman James Murphy made his comments following price cuts of 50 cent per kilogramme or €10 per head.
Mr Murphy said by pulling prices excessively, the factories were only undercutting each other in the market place and expecting farmers to pay.
The IFA official said he had made it very clear to the factories that any recovery of the sheep sector is totally dependent on the increase in lamb prices being maintained this year.
"There are a number of market factors which are very positive for the factories selling lamb this year. To date supplies are back over 165,000 head and projected to remain very tight.
"The increase in lamb skin prices and the value of the fifth quarter has added another 35cent to 40 cent per kg to market returns for factories," Mr Murphy said.
Mr Murphy said the live export trade should be stronger this year, particularly with the Muslim Ramadam festival which commences on 11 August next. He added that live exports were every strong last year.
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