The link between bottomed out sheep prices and the federal government’s plans to phase out live sheep exports by sea has been quashed by the nation’s top ag research bureau.
According to The Weekly Times, ABARES executive director Jared Greenville said the falling prices were more directly attributable to market oversupply following restocking over recent good seasons, rather than industry claims it was due to a looming ban on the trade. He was quoted as saying “That is not the case, there is clearly underlying drivers in this market that we’re seeing in the east, not just in the west (where the majority of Australia’s live sheep exports by sea farmers are based),” he said.
Mecardo market analyst Angus Brown backed up Dr Greenville’s comments
and Elders national livestock manager Peter Homann said sheep prices in Western Australia were currently better than in the east, so the prices were not linked to the phasing out of live sheep exports though it was another factor to be concerned about.
Maybe the WA farmers hopping up and down in the media are distorting the current market situation to their own advantage...again.