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Why lamb prices are probably going to get much worse

The Australian Financial Review (AFR) •
October 26, 2026 • 05:26 AM
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Australia’s sheep flock is dwindling at the same time as international demand for lamb and mutton booms. That’s bad news for local shoppers.

Why lamb prices are probably going to get much worse

Anthony Puharich is worried that something unthinkable is playing out: Australians aren’t eating lamb any more.

The high-profile butcher and supplier to some of Australia’s best restaurants says the red meat – once a staple of everything from backyard barbecues to Sunday roasts – is dropping off menus and shopping lists as prices climb higher and higher.

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