Global sheep prices

Updated 24 February 2026

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 will also vary between different countries.

Figure 1. Global farmgate lamb prices, Feb 2024 –Feb 2026

Source: AHDB, European commission, MLA, AgriHQ

Figure 1 is a line chart comparing global deadweight farmgate lamb prices for GB, Ireland, France, Spain, Australia and New Zealand from February 2024 to February 2026. Prices vary widely: France and Spain show the highest and most volatile prices, rising above 900 p/kg in 2025–26. GB and Ireland track in the mid‑range around 650–750 p/kg. New Zealand and Australia remain lowest, between roughly 300–500 p/kg, with Australia rising steadily through 2025.

How global markets influence Australian and New Zealand prices

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.

Read more about cattle and sheep prices

Global cattle prices

EU deadweight sheep prices

GB deadweight sheep prices

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