A 20% drop in lamb prices has seen them at levels not seen for six years.

Lamb schedules have fallen in recent weeks, with some companies now offering $6.50 a kilo, down from $8.30 just two seasons ago.

The drop is being put down to lack of international demand, especially from China.

Farm consultant Gary Massicks told Mike Hosking that prices were expected to drop around February, but they're here already.

He says they've hit harder and faster with a fair bit of stock in freezers, and international demand much lower than normal.

LISTEN ABOVE

A 20% drop in lamb prices has seen them at levels not seen for six years. 
Lamb schedules have fallen in recent weeks, with some companies now offering $6.50 a kilo, down from $8.30 just two seasons ago. 
The drop is being put down to lack of international demand, especially from China. 
Farm consultant Gary Massicks told Mike Hosking that prices were expected to drop around February, but they're here already. 
He says they've hit harder and faster with a fair bit of stock in freezers, and international demand much lower than normal. 
LISTEN ABOVE

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Open your mind to the world with New Zealand’s number one breakfast radio show. Without question, as New Zealand’s number one talk host, Mike Hosking sets the day’s agenda. The sharpest voice and mind in the business, Mike drives strong opinion, delivers the best talent, and always leaves you wanting more. The Mike Hosking Breakfast always cuts through and delivers the best daily on Newstalk ZB.

Open your mind to the world with New Zealand’s number one breakfast radio show.Without question, as New Zealand’s number one talk host, Mike Hosking sets the day’s agenda.The sharpest voice and mind in the business, Mike drives strong opinion,...