Lamb prices double

Lamb prices have doubled since 2000, according to the Australian Bureau of Statistics Consumer Price Index. In an article written by John Rolfe, Consumer Affairs Reporter for The Daily Telegraph, it is proposed that this could mean that households could be paying as much as $100 kg for lamb racks before the end of 2016.

While demand (predominantly international) continues to be strong, a significant fall in the Australian flock (approximately 40%) drives the prices up.

The only other country that exports as much lamb as Australia is New Zealand and you only have to make a fleeting visit to our Eastern cousins to see that their flock is also decreasing. Instead of the traditional paddocks full of sheep, the success of Fonterra has lead to many farmers converting to dairy cows.

The good news is both poultry and pork seem to have remained relatively stable.

The price of eggs has increased by 5%. Not a dramatic increase but as it doesn’t happen too often it warrants a note.