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27-11-2023, 09:26 AM
[Financial Channel/Comprehensive Report]
In the past three years, rainfall on most Australian farms has been above average, and sufficient grass has helped farmers raise and breed sheep.
The number of sheep has increased by 23%, and mutton prices have dropped by 70%.
Western Australian industry It is even rumored that each head is sold for only 1-2 US dollars.
Some farmers were reluctant to shoot their sheep, so they reduced their numbers and offered to give away live sheep for free.
Unfortunately, not many people wanted them.
Nigel Kerin, a business owner in New South Wales, said: "This is the culmination of a perfect storm. It's crazy.
The value of the commodity (lamb) is only 30% of its original value and the financial situation of the company is very tight."
https://ec.ltn.com.tw/article/breakingnews/4502113
In the past three years, rainfall on most Australian farms has been above average, and sufficient grass has helped farmers raise and breed sheep.
The number of sheep has increased by 23%, and mutton prices have dropped by 70%.
Western Australian industry It is even rumored that each head is sold for only 1-2 US dollars.
Some farmers were reluctant to shoot their sheep, so they reduced their numbers and offered to give away live sheep for free.
Unfortunately, not many people wanted them.
Nigel Kerin, a business owner in New South Wales, said: "This is the culmination of a perfect storm. It's crazy.
The value of the commodity (lamb) is only 30% of its original value and the financial situation of the company is very tight."
https://ec.ltn.com.tw/article/breakingnews/4502113
