New Zealand, frozen carcass, wholesale London averaged $7.26/kg in September 2026, +16% over twelve months and +5% over ten years. The nominal all-time high was $10.28/kg in May 2011; in 2024 dollars the real peak was $14.34/kg in May 2011. Monthly averages, World Bank Pink Sheet.
Converted from USD at the latest available monthly average rate (Federal Reserve via FRED); the chart and tables below stay in USD.
New Zealand, frozen carcass, wholesale London
Dashed lines: OPEC oil embargo (Oct 1973); Iranian Revolution (Jan 1979); Iraq invades Kuwait (Aug 1990); Asian financial crisis begins (Jul 1997); September 11 attacks (Sep 2001); Lehman Brothers collapse (Sep 2008); Fukushima Daiichi nuclear accident (Mar 2011); OPEC holds output steady amid oversupply (Nov 2014); COVID-19 declared a pandemic (Mar 2020); Russia invades Ukraine (Feb 2022); Israel-Hamas war begins (Oct 2023). Hover a line for the source of its date.
Derived price statistics per series
Series
Latest
1 month
12 months
5 years
10 years
20 years
All-time high (nominal)
All-time high (real, 2024 US$)
New Zealand, frozen carcass, wholesale London $/kg, since 1971
7.26 September 2026
-2%
+16%
-20%
+5%
+82%
10.28 May 2011
14.34 May 2011
Percentage changes compare the latest monthly average with the monthly average 1, 12, 60, 120 and 240 months earlier. Real prices deflate by the US consumer price index (BLS via FRED) to 2024 dollars.
Prices are monthly benchmark averages that may lag the market; informational only, not investment, legal or trade advice. For what these benchmarks mean and how they are set, see how lamb is priced.
Monthly lamb prices by decade
Choose a decade. Values are monthly averages in the unit shown; blank cells mean no quote was published.
New Zealand, frozen carcass, wholesale London ($/kg)
New Zealand, frozen carcass, wholesale London monthly prices, 1970s, $/kg
Year
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Average
1971
0.8
0.79
0.78
0.82
0.79
0.76
0.75
0.75
0.79
0.8
0.85
0.88
0.797
1972
0.92
0.89
0.92
0.93
0.98
1.23
1.15
1.22
1.2
1.11
1.12
1.14
1.07
1973
1.17
1.18
1.23
1.27
1.24
1.29
1.44
1.47
1.56
1.6
1.61
1.62
1.39
1974
1.6
1.46
1.45
1.45
1.42
1.39
1.31
1.3
1.35
1.43
1.44
1.48
1.42
1975
1.54
1.46
1.57
1.58
1.52
1.53
1.44
1.35
1.39
1.41
1.45
1.49
1.48
1976
1.46
1.36
1.52
1.49
1.56
1.53
1.55
1.61
1.62
1.65
1.69
1.75
1.57
1977
1.79
1.65
1.59
1.57
1.6
1.62
1.59
1.59
1.68
1.86
1.92
1.94
1.7
1978
2
1.96
1.92
1.9
2
2.11
2.28
2.32
2.41
2.54
2.48
2.41
2.19
1979
2.34
2.17
2.18
2.26
2.35
2.4
2.53
2.42
2.38
2.41
2.42
2.6
2.37
New Zealand, frozen carcass, wholesale London monthly prices, 1980s, $/kg
Year
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Average
1980
2.6
2.7
2.63
2.92
3.14
2.98
3.2
3.07
3
2.92
2.7
2.71
2.88
1981
2.92
2.97
2.73
2.97
3.22
2.99
2.49
2.18
2.47
2.64
2.65
2.62
2.74
1982
2.96
2.76
2.66
2.55
2.54
2.43
2.38
2.27
2.18
2.1
1.88
1.82
2.38
1983
1.78
1.67
1.82
2.12
2.1
2.04
1.97
1.93
1.95
1.98
1.94
1.88
1.93
1984
1.85
1.87
1.96
2.07
2.08
2.05
1.96
1.95
1.86
1.8
1.84
1.77
1.92
1985
1.73
1.69
1.71
1.86
1.84
1.86
1.98
1.96
1.81
1.87
1.91
1.92
1.85
1986
1.88
1.88
2.11
2.32
2.56
2.57
2.37
2.12
2.07
1.98
1.97
2.01
2.15
1987
2.11
2.09
2.22
2.17
2.22
2.16
2.1
2.06
2.1
2.09
2.23
2.4
2.16
1988
2.47
2.45
2.54
2.58
2.55
2.42
2.3
2.27
2.26
2.31
2.39
2.39
2.41
1989
2.3
2.3
2.26
2.39
2.34
2.23
2.35
2.31
2.3
2.35
2.34
2.39
2.32
New Zealand, frozen carcass, wholesale London monthly prices, 1990s, $/kg
Year
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Average
1990
2.46
2.56
2.51
2.63
2.71
2.72
2.77
2.66
2.7
2.77
2.74
2.65
2.66
1991
2.63
2.66
2.45
2.3
2.31
2.2
2.15
2.18
2.23
2.22
2.28
2.37
2.33
1992
2.44
2.52
2.48
2.55
2.78
2.73
2.83
2.91
2.8
2.52
2.55
2.72
2.65
1993
2.69
2.59
2.7
2.91
3.03
3.02
3.03
2.88
3.11
2.98
2.97
2.98
2.91
1994
3.02
2.96
2.96
2.93
2.98
2.96
2.96
2.97
2.97
3.04
3.03
2.94
2.98
1995
2.75
2.71
2.73
2.63
2.53
2.53
2.54
2.52
2.56
2.67
2.65
2.62
2.62
1996
2.61
2.63
2.64
3.09
3.34
3.53
3.55
3.51
3.47
3.59
3.77
3.79
3.29
1997
3.79
3.67
3.5
3.31
3.34
3.33
3.35
3.22
3.21
3.27
3.39
3.33
3.39
1998
3.23
3.1
3.04
2.97
2.63
2.57
2.43
2.45
2.66
2.75
2.63
2.54
2.75
1999
2.5
2.46
2.46
2.54
2.67
2.68
2.64
2.69
2.68
2.72
2.67
2.61
2.61
New Zealand, frozen carcass, wholesale London monthly prices, 2000s, $/kg
Year
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Average
2000
2.73
2.7
2.7
2.7
2.56
2.57
2.58
2.58
2.48
2.54
2.59
2.69
2.62
2001
2.78
2.86
2.94
3
2.92
2.81
2.76
2.77
2.99
3.01
3.03
3.08
2.91
2002
3.12
3.11
3.1
3.15
3.18
3.24
3.39
3.37
3.44
3.47
3.51
3.57
3.3
2003
3.6
3.58
3.52
3.5
3.74
4.03
3.94
3.92
3.98
4.16
4.22
4.42
3.88
2004
4.39
4.73
4.63
4.57
4.49
4.55
4.59
4.53
4.51
4.58
4.71
4.89
4.6
2005
4.76
4.79
4.8
4.72
4.54
4.39
4.23
4.33
4.32
4.2
4.1
4.1
4.44
2006
4.02
3.98
3.88
3.93
4.2
4.19
4.14
4.12
4
3.98
3.95
4.06
4.04
2007
3.98
3.94
3.9
4
3.99
3.99
4.09
4.11
4.3
4.39
4.43
4.31
4.12
2008
4.29
4.52
4.79
4.89
4.95
4.95
5.01
4.76
4.54
4.31
4.05
3.93
4.58
2009
3.81
3.8
3.75
4.04
4.28
4.54
4.54
4.56
4.5
4.46
4.57
4.48
4.28
New Zealand, frozen carcass, wholesale London monthly prices, 2010s, $/kg
Year
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Average
2010
4.49
4.51
4.43
4.56
4.84
5.2
5.39
6.85
7.24
7.65
8.06
8.23
5.95
2011
8.27
8.4
8.97
10.17
10.28
10.09
9.84
9.56
9.59
9.59
9.68
9.97
9.53
2012
9.91
9.54
9.54
9.54
9.52
9.2
8.75
7.95
7.14
7.11
7.16
7.22
8.55
2013
7.02
7
7
7
6.99
6.83
6.5
6.5
6.37
6.81
7.32
7.77
6.93
2014
8.19
8.2
8.05
8.28
8.24
7.9
7.75
7.72
7.72
7.74
7.87
8.21
7.99
2015
7.93
7.71
7.58
7.77
7.48
7.28
7.28
7.28
7.28
7.28
7.52
7.61
7.5
2016
7.61
7.59
7.39
7.39
7.39
7.34
7.15
6.83
6.91
7.28
7.36
7.5
7.31
2017
7.52
7.37
7.4
8.44
8.57
9.19
9.37
8.89
8.55
8.24
7.55
7.94
8.25
2018
7.72
7.87
8.05
8.38
8.19
7.83
7.83
7.83
7.83
7.83
7.46
7.44
7.85
2019
7.99
8.02
8.01
8.05
8.05
8.05
8.05
8.05
8.1
8.27
8.27
8.35
8.1
New Zealand, frozen carcass, wholesale London monthly prices, 2020s, $/kg
Year
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Average
2020
6.62
6.13
6.32
6.28
6.04
5.77
5.61
6.15
6.31
6.7
7.29
7.09
6.36
2021
7.28
7.45
7.99
8.37
8.8
8.86
8.99
9.05
9.08
9.3
9.37
9.44
8.67
2022
9.11
8.95
9.13
9
8.71
8.46
8.46
8.53
8.49
7.7
6.54
6.1
8.26
2023
6.11
6.62
6.99
7.22
7.06
6.27
5.43
5.67
5.98
5.56
5.25
5.31
6.12
2024
5.29
5.2
5.19
5.18
5.17
5.02
5.11
5.24
5.49
5.6
5.83
5.84
5.35
2025
5.83
5.65
5.61
5.89
6.08
6.4
6.33
6.24
6.24
6.33
6.45
6.37
6.12
2026
6.57
6.52
6.54
7.11
7.28
7.47
7.59
7.43
7.26
7.09
Method
Nominal prices are the source's monthly averages in US dollars, stored in the source's unit and never mixed on one chart. Real prices divide each month by the US consumer price index for all urban consumers (BLS series CPIAUCSL, via FRED) and multiply by the 2024 average, so they read as "2024 dollars". Changes are ratios of monthly averages. The all-time high is the highest monthly average, not an intraday peak.
Cite as: Commodity Origins, "Lamb price history (1971–2026)", https://commodityorigins.com/prices/lamb/, data 2026-10-02. Data updated 22 October 2026.
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