Australian sheepkin market “crashes”
22/05/2012
Industry commentators have described it as the worst decline in the skins market since 1999 when the market crashed.
A higher number of Australian lambs have gone to slaughter this year, making more skins available on the market. Meat & Livestock Australia analyst Robert Barker has said that between January and March 2012, there was a 12% increase in lambs slaughtered and that the total across Australia for the quarter was 4.7 million head. The first statistics for April show slaughter rates in some areas up by 15% on the previous year.
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