Chinese lamb demand well back on last year

摘要

Total lamb exports followed their usual seasonal trend in October, gaining 11 per cent on September, and sitting just above the five-year average (Figure 1). Despite being at their highest level since March, lamb exports in October were 8.5 per cent below October 2019. Weaker slaughter in October no doubt led to weaker export numbers, but there also seemed to be less demand from China. Figure 2 shows the ups and downs of lamb exports to China. Last spring, Chinese lamb demand boomed, almost doublingon 2018. This year, October lamb exports have reverted to back to the five-year average.