Australia Cashes in on Record Sheep Prices as Meat Exports Surge

Australian sheep farmers are cashing in on record-high sheep prices, as rising global demand for lamb and mutton fuels a boom in exports from the world's top sheep meat supplier.

Prices are likely to rise further in the coming years as production in New Zealand, Australia's biggest sheep meat export rival, stagnates, analysts said.

"We've seen waves of higher and higher pricing as export demand and our market share has grown," said Matt Dalgleish, a livestock and meat analyst at consultants Episode 3...

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