ANALYSIS: UK Lamb Export Market Update
The latest UK sheep meat export figures released by HM Revenue & Customs show that exports for February 2025 are 3.9% lower y-o-y at 6,165 tonnes. The cumulative January to February 2025 sheep meat exports are 2.2% lower than the same period in 2024.
In February, the top three export locations (France, Germany, Belgium) represent the majority of the decline, while the Netherlands had a 79% y-o-y increase. Despite export quantities declining in the first two months of February, export value is up and shows that there is good demand even with higher prices. Market participants reported last week that lamb exports have supported trade volumes and that prices from the Rungis market have held steady during April...
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