Lamb lovers, rejoice! Record-high supply could mean lower prices in 2023
- Replies 16
Aussies have a long-standing love affair with lamb meat. It's a staple of our cuisine and a go-to option for a variety of meals, from backyard barbecues to traditional Sunday roasts. Whether you prefer a juicy lamb chop or a succulent lamb roast, there's no denying that lamb is a favourite.
However, it's also no secret that the price of lamb has been on the rise in recent years, leaving many feeling like they can't afford to indulge in their favourite dishes. It's been tough to justify splurging on lamb when other options are more budget-friendly.
But don't worry folks because there's good news on the horizon! Reports suggest that lamb production in 2023 has hit an all-time high, which could lead to a drop in prices at the supermarket.
So, hold on to your tongs and keep an eye out for deals because it looks like we might soon be able to enjoy their beloved lamb roasts without breaking the bank!
The Meat and Livestock Australia (MLA) has recently forecasted a major boost to the national sheep flock in 2023, with an estimated 78.75 million head - the highest number since 2007.
This is great news for Aussies, as it means we're set to experience record lamb production and exports. As New Zealand's flock size is declining, we'll be able to take advantage of the world market and snag a larger share of it.
MLA senior market information analyst Ripley Atkinson said that this rise in lamb production is due to an increase in breeding ewes and strong marking rates, which will lead to a forecasted 2.7% year-on-year rise in lamb slaughter to 22.6 million.
This rise in production will naturally increase the supply to the domestic market, which is great news for us, as it is our largest market for lamb.
Not only will there be more lamb meat available, but there will also be more meat per lamb due to the increase in carcass weights this year.
So, get ready to fire up the barbie, roast up some lamb, or try any other delicious lamb dish you've been dreaming of because it looks like there's going to be plenty of it to go around.
While the news of increased lamb production is exciting, there's a bit of a catch for Aussie shoppers. The benefits of this increased availability will only be realised if supermarkets pass on any price drops to customers.
It can be tricky for big chains to comment on potential future prices without being accused of price signalling, but typically, increased supply does affect demand and can lead to lower prices.
So, while we can hope for lower lamb prices due to this increase in supply, it's not guaranteed that supermarkets will pass on those savings to us.
With that said, it's always worth keeping an eye out for sales and deals, as the increased availability of lamb could lead to more competition and lower prices in the market.
Whether you're a seasoned lamb meat buyer or a curious newcomer, it's worth checking out the prices in your local supermarket to see if this increase in supply has made a difference.
Lamb is not just a staple of Aussie cuisine, but a cultural icon! The 2005 advertising campaign 'We Love Our Lamb' captured the nation's love affair with the meat in a way that's uniquely Australian - with a healthy dose of humour and satire, of course.
The ads were all over the place - on billboards, in print, and even featuring celebrities. Who remembers the 2017 video that brought together a diverse group of Aussies? Olympic champion Cathy Freeman was there, along with a bunch of religious leaders - because if there's one thing that brings people together, it's the delicious taste of lamb.
Credit: vtk94lude.
Of course, we can't go talking about lamb without mentioning the original 2005 ad campaign, featuring Sam Kekovich - Australia's crowned 'lamb-assador'.
And who could forget the latest campaign, where people literally disappear into an 'infinite cultural exile' when they're deemed 'un-Australian'? It's caused a real stir on social media, with Aussies all over the country reflecting on what really makes someone 'un-Australian'.
But one thing is for sure - if you love lamb, you're definitely in good company.
With lamb prices poised to take a dip in the coming months, there's never been a better time to get creative in the kitchen with this delicious meat. So, why not start stocking up on some lip-smacking lamb recipes to make the most of those juicy cuts?
Here are a few of our favourites that are sure to tickle your taste buds and impress your dinner guests. Get ready to say goodbye to the same old boring meals and hello to a world of flavorful, succulent lamb dishes:
Credit: The Stay at Home Chef
Credit: delicious. Australia
Credit: Recipe30
We could be in for some serious savings on lamb meat in the coming months. It's always a relief to know that we might be able to stretch our wallets a bit further, and who doesn't love a good bargain?
So, keep your eyes peeled for those tempting price drops, and rest assured that we'll keep you updated on any juicy developments.
But, we want to know, members - how do you feel about this fantastic news? Are you salivating at the thought of stocking up on some succulent lamb? Or, maybe you're feeling a bit sceptical and want to wait and see how the prices shape up.
Whatever your thoughts are, we want to hear from you! Drop us a comment and let's get the conversation started.
However, it's also no secret that the price of lamb has been on the rise in recent years, leaving many feeling like they can't afford to indulge in their favourite dishes. It's been tough to justify splurging on lamb when other options are more budget-friendly.
But don't worry folks because there's good news on the horizon! Reports suggest that lamb production in 2023 has hit an all-time high, which could lead to a drop in prices at the supermarket.
So, hold on to your tongs and keep an eye out for deals because it looks like we might soon be able to enjoy their beloved lamb roasts without breaking the bank!
The Meat and Livestock Australia (MLA) has recently forecasted a major boost to the national sheep flock in 2023, with an estimated 78.75 million head - the highest number since 2007.
This is great news for Aussies, as it means we're set to experience record lamb production and exports. As New Zealand's flock size is declining, we'll be able to take advantage of the world market and snag a larger share of it.
MLA senior market information analyst Ripley Atkinson said that this rise in lamb production is due to an increase in breeding ewes and strong marking rates, which will lead to a forecasted 2.7% year-on-year rise in lamb slaughter to 22.6 million.
This rise in production will naturally increase the supply to the domestic market, which is great news for us, as it is our largest market for lamb.
Not only will there be more lamb meat available, but there will also be more meat per lamb due to the increase in carcass weights this year.
So, get ready to fire up the barbie, roast up some lamb, or try any other delicious lamb dish you've been dreaming of because it looks like there's going to be plenty of it to go around.
While the news of increased lamb production is exciting, there's a bit of a catch for Aussie shoppers. The benefits of this increased availability will only be realised if supermarkets pass on any price drops to customers.
It can be tricky for big chains to comment on potential future prices without being accused of price signalling, but typically, increased supply does affect demand and can lead to lower prices.
So, while we can hope for lower lamb prices due to this increase in supply, it's not guaranteed that supermarkets will pass on those savings to us.
With that said, it's always worth keeping an eye out for sales and deals, as the increased availability of lamb could lead to more competition and lower prices in the market.
Whether you're a seasoned lamb meat buyer or a curious newcomer, it's worth checking out the prices in your local supermarket to see if this increase in supply has made a difference.
Key Takeaways
- Record lamb production in 2023 could see prices fall on shelves.
- Australia's national sheep flock is expected to grow to 78.75 million head this year. Lamb slaughter is predicted to reach 22.6 million this year, a rise of 595,000 head.
- Price falls will depend on whether supermarkets pass on potential savings to shoppers.
The ads were all over the place - on billboards, in print, and even featuring celebrities. Who remembers the 2017 video that brought together a diverse group of Aussies? Olympic champion Cathy Freeman was there, along with a bunch of religious leaders - because if there's one thing that brings people together, it's the delicious taste of lamb.
Credit: vtk94lude.
Of course, we can't go talking about lamb without mentioning the original 2005 ad campaign, featuring Sam Kekovich - Australia's crowned 'lamb-assador'.
And who could forget the latest campaign, where people literally disappear into an 'infinite cultural exile' when they're deemed 'un-Australian'? It's caused a real stir on social media, with Aussies all over the country reflecting on what really makes someone 'un-Australian'.
But one thing is for sure - if you love lamb, you're definitely in good company.
With lamb prices poised to take a dip in the coming months, there's never been a better time to get creative in the kitchen with this delicious meat. So, why not start stocking up on some lip-smacking lamb recipes to make the most of those juicy cuts?
Here are a few of our favourites that are sure to tickle your taste buds and impress your dinner guests. Get ready to say goodbye to the same old boring meals and hello to a world of flavorful, succulent lamb dishes:
Credit: The Stay at Home Chef
Credit: delicious. Australia
Credit: Recipe30
We could be in for some serious savings on lamb meat in the coming months. It's always a relief to know that we might be able to stretch our wallets a bit further, and who doesn't love a good bargain?
So, keep your eyes peeled for those tempting price drops, and rest assured that we'll keep you updated on any juicy developments.
But, we want to know, members - how do you feel about this fantastic news? Are you salivating at the thought of stocking up on some succulent lamb? Or, maybe you're feeling a bit sceptical and want to wait and see how the prices shape up.
Whatever your thoughts are, we want to hear from you! Drop us a comment and let's get the conversation started.