May 17, 2021 1:59 pm
Sheep farmers are being urged to “ignore quotes” on lamb due to a continuing strong performance in the market.
The Irish Farmer’s Association (IFA) said today (Monday, May 17) that demand for lamb is outweighing supplies and that factories are paying “well above” quoted prices in order to secure supply.
“The practice of quoting prices that in no way reflect the market is angering farmers and undermining producer groups who have made commitments to factories,” IFA National Sheep Committee chairperson Sean Dennehy said.
Dennehy argued that there is “an urgent need for greater transparency” through accurate and up-to-date factory price reporting.