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flag Australian lamb prices surged 47% in the past year due to tight supply and high demand.

flag Australian lamb prices surged 47% in the past year to about $11.09 per kilogram, driven by tight supply and high export demand. flag While the UK and EU also saw significant increases, the United States experienced the sharpest jump, exceeding 60% due to reduced domestic production. flag Consequently, Australia now trades at a discount to US prices, which are the highest globally.

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