This week, the national mutton indicator as reported by MLA’s NLRS increased 18¢ week-on-week to settle on 302¢/kg cwt bouncing back from a two week low for 2012.
Lower prices for mutton have been recorded for the first half of 2012 due to higher supplies and wavering demand, however, tighter supplies this week have allowed the mutton indicator to lift, with it being one of the largest weekly price rises recorded for the year.
All eastern states recorded gains in their indicators, while WA’s mutton supply increased pushing prices down 28¢, to settle on 278¢/kg cwt.
The NSW mutton indicator lifted 26¢, to average 293¢, while the Victorian indicator was up 20¢ week-on-week to average 336¢/kg cwt.
The SA mutton indicator increased 19¢ week-on-week, to settle at 298¢/kg cwt.
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