NZX Agrifax has reported that chilled lamb exports to the European Christmas market have returned better prices than last year.
Analyst Nick Handley says exporters will hope these high prices carry through to the end of the chilled supply season, which wraps up at Easter next year.
He says demand in the United Kingdom is the key driver of the high returns.
Mr Handley says demand from other European countries has been fairly disappointing to date but if the UK demand remains strong that should be enough to carry the industry through the season.
He says the slaughter season is expected to ramp up over the next few weeks.