Market Morsel: It might probably’t final ceaselessly

Market Morsel

Aussie lamb exports to the USA have been driving excessive since March 2022, operating above the higher finish of the conventional vary in export flows for a lot of the yr. Nonetheless, November has seen lamb export volumes ease towards the typical development. Aussie lamb exports to the USA declined by 24% over November to see 5,299 tonnes shipped, which is the primary time month-to-month volumes of lamb to the USA have dipped beneath 6,000 tonnes since February.

The weaker commerce to the USA has weighed upon complete lamb export volumes too with November posting a 12% easing in commerce to 22,907 tonnes. This locations present complete lamb export volumes 3% beneath the seasonal five-year common sample and the primary time month-to-month export flows of lamb have been beneath the typical development since April 2022.

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