
According to the Hybu Cig Cymru - MEAT Promotion Wales (HCC) forecast, production is expected to increase in Australia following a nearly 5 percent increase in national herd size.
Global mutton supplies are expected to pick up this year as many producing countries bring more of the product onto the market. This is the conclusion from the latest report published by Hybu Cig Cymru - Meat Promotion Wales (HCC). The report looks at supply and demand factors in some of the key beef and lamb regions of the world, including the UK, the European Union, New Zealand, Australia, the US and Brazil.
Australia is forecast to see an increase in production following a nearly 5% increase in national herd size, along with heightened optimism for their sector as the trade agreement between Australia and the UK comes into effect later this year.
Recovery in China's pig herd following the outbreak of African swine fever could see more New Zealand lambs diverted and re-imported to Europe and the UK after a period of reduced trade with the UK - a 15% drop during 2021, mostly due to disruptions in shipping and higher demand from the US. This led to a greater reliance on domestic mutton in the UK.
“Another key factor that could make a difference in terms of red meat consumption will be consumer buying patterns. As inflation continues to rise, it is difficult to predict demand for red meat as consumers feel their spending cuts. In addition, sustainability issues can also affect consumer buying habits. But here in Wales, despite what is happening elsewhere in the world, we can be sure that the Welsh way of farming is potentially the answer to both food security and sustainability. We are well positioned to make the most of the natural resources we have in terms of pasture management to produce healthy herds and high quality traceable products.”