Meat & Livestock News

September 2023: A Defining Moment for the UK Lamb Market—A Detailed Analysis

Import-Export Dynamics: A New Era for the Lamb Market

Recent data underscores a significant shift in the UK lamb market, with import volumes for the first time in 2023 exceeding those of the previous year. A substantial portion of these imports is being sourced from New Zealand and Australia, where competitive pricing has emerged as a key factor. Simultaneously, the export sector is also experiencing robust growth.

The latest data reveals that exports have surged by 21%, amounting to 6,400 tonnes. This increase is noteworthy for two reasons: it marks a month-on-month escalation and stands 8% higher compared to the same period last year.

Australia Free Trade Agreement: The Impending Sea Change

As the UK is in the advanced stages of finalising a free trade agreement with Australia, the potential impact on the sheep meat sector is under intense examination.

While the agreement is still in the negotiation phase, its eventual enactment could dramatically shift Australia’s sheep meat production, thereby altering trade dynamics for years to come.

Carbon Markets: Unraveling the Terms ‘Insetting’ and ‘Offsetting’

In the complex landscape of carbon markets, particularly within the agricultural sector, the terms ‘insetting’ and ‘offsetting’ are frequently encountered but often misunderstood. A nuanced comprehension of these terms is indispensable for stakeholders in the industry.

Disclaimer: A Note on Data Reliability

While the Agriculture and Horticulture Development Board (AHDB) has taken exhaustive measures to ensure the accuracy of the information, it offers no guarantees.

Users are solely responsible for how they apply this data, and AHDB assumes no liability for any loss, damage, or injury that may occur, either directly or indirectly, from the use of this information.

Intellectual Property: Usage Parameters

The intellectual property rights related to the information on this webpage are either owned or licensed by AHDB. This information is intended exclusively for internal business applications and may not be disseminated to third parties or exploited for commercial purposes without AHDB’s prior written consent.

For further details, consult AHDB’s Terms of Use and Privacy Notice or contact the Director of Corporate Affairs.

© Agriculture and Horticulture Development Board. All rights reserved.