Global sheep prices

Around the world, farmgate sheep prices vary, affected by various factors, most obviously supply and demand. Some of these factors are more local in nature and might include logistical and supply chain issues. Cost of production also varies between different countries.

Figure 1. Global farmgate lamb prices, Jan 2025 –July 2026

Source: AHDB, European commission, MLA, AgriHQ

Figure 1 compares global deadweight farmgate lamb prices for GB, Ireland, France, Spain, Australia and New Zealand from January 2025 to July 2026.

Prices vary widely: France and Spain show the highest and most volatile prices, rising above 900 p/kg in 2025–26. These have dropped back in the last few months.

GB and Ireland track in the mid‑range around 650–750 p/kg. Both have dropped back in the last few weeks.

New Zealand and Australia remain lowest, steadily rising. Australia’s price has risen more sharply over the first 6 months of 2026, widening the gap between the Australian and New Zealand price.

Australia and New Zealand are the two largest exporters and therefore prices there very much reflect global supply and demand balances of sheep meat. As a global traded commodity, prices in Australia and New Zealand will also reflect changes in exchange rates.

It is also worth keeping in mind that specification variations between countries might mean the major prices quoted in each country may not be immediately directly comparable.