Australian Lamb Exports Drop in 2002-2003
July 18, 2003
Financial year export statistics released by Agriculture, Forestry and Fisheries Australia (AFFA) revealed that lamb exports declined 10 percent in 2002-2003. A combination of high domestics prices, continued shortage of heavy export lambs and the rapidly appreciating Australian dollar are quoted as the causes of this drop.
A drought-induced shortage of suitable heavy lambs for the U.S. market saw lamb exports to the U.S. drop 5 percent.
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