Lamb
Lamb
Price movements (monthly)
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Lamb ddwt lgt ref EU
Month-on-month Change
Year-on-year Change
Lamb ddwt 12-21.5kg mp UK
Month-on-month Change
Year-on-year Change
Lamb ddwt Y 17.5kg NZ
Month-on-month Change
Year-on-year Change
Lamb ddwt trd sy dom SA AU
Month-on-month Change
Year-on-year Change
UK Lamb
Average weekly price of UK Lamb as of December 2025 increased by 1.5% M-o-M and rose by4.4% Y-o-Y to £7,210/mt. In December, UK lamb prices eased seasonally from the highs seen earlier in the autumn but remained supported well above year-ago levels.
According to AHDB data, deadweight lamb quotations for the week ending 13 Dec averaged around £6,950–£7,000/mt, softer on the week but still notably higher than the same period in 2024, reflecting tighter supplies and underlying demand resilience.
Market Sentiment
EU Lamb
The average weekly price of EU Lamb (10 December 2025) increased by 3.4% M-o-M and rose by10.5% Y-O-Y to €10,423.40/mt. EU lamb prices remained firm in December 2025, consolidating near recent highs following the sharp gains recorded in November.
Average weekly prices edged slightly higher month-on-month, supported by persistently tight supply across key producing countries and steady seasonal demand. According to the EU Commission, sheep meat availability remained constrained due toa continued contraction in the breeding flock and reduced slaughter throughput, while disease outbreaks in parts of Southern and Eastern Europe continued to disrupt production.
Light lamb prices stayed particularly well supported amid limited availability, while heavy lamb prices were broadly stable but firm, reflecting balanced demand and ongoing supply tightness heading into year-end.
Market Sentiment
New Zealand Lamb
Mutton demand from China remained supportive through December, as inventories stayed better balanced and buyers continued to favor lower-priced mutton over lamb, according to Beef + Lamb New Zealand.
NZ lamb export demand held firm into year-end, supported by ongoing production shortfalls in the EU and UK, keeping offshore interest active, Beef + Lamb New Zealand said.
Domestic slaughter in New Zealand stayed seasonally restricted in late December, with holiday schedules limiting throughput and maintaining a steady to firm tone for export prices.
Production expectations for 2024–25 were unchanged, with lamb output still projected 6–7% lower year-on-year on a smaller lamb crop, supporting elevated export values, according to Beef + Lamb New Zealand.
Market Sentiment
Australia Lamb Lamb
National lamb slaughter remained below year-ago levels through December, reflecting ongoing supply pressure across major producing regions, according to Meat & Livestock Australia.
Seasonal conditions and localized heat limited pasture recovery, keeping producer selling decisions cautious and flock rebuilding slow, according to Meat & Livestock Australia.
Processor throughput stayed uneven into year-end, as capacity constraints, labor variability, and holiday schedules continued to drive irregular weekly kill patterns, according to Meat & Livestock Australia.
Domestic and export lamb prices held firm through December, with price support remaining largely supply-driven rather than demand-led, according to Meat & Livestock Australia.
Market Sentiment
Lamb
Supply trends
EU Production
Slaughter data from Eurostat show notable reductions across major producers. (November 2025)
UK Production
A decrease of about 0.5% y-o-y
New Zealand Lamb Crop Heads
Supply forecasts are slightly higher y-o-y
Australian Lamb and Sheep Slaughters
Supply – lower November figures y-o-y
Lamb
Price forecast
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