Global price of Lamb
This dataset tracks global price of lamb over time.
Latest Value
166.60
Year-over-Year Change
48.72%
Date Range
1/1/1990 - 6/1/2025
Summary
The global price of lamb, as measured by the PLAMBUSDM series, tracks the average price paid for lamb in international trade. This key indicator provides insight into global livestock markets and food price inflation.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
The PLAMBUSDM series represents the monthly international price of lamb, expressed in U.S. dollars per kilogram. It is a widely referenced metric for assessing trends in the global meat trade and can signal shifts in consumer demand, production costs, and trade policies.
Methodology
The data is collected by the United Nations Food and Agriculture Organization from customs declarations and producer surveys.
Historical Context
Lamb prices are monitored by policymakers, industry groups, and market analysts to gauge agricultural commodity market conditions and food security risks.
Key Facts
- Lamb is a major livestock product in many regions, including Oceania, the Middle East, and parts of Europe.
- Global lamb prices reached a record high in 2021 amid supply chain disruptions and strong demand.
- Lamb production and trade volumes can be sensitive to weather, disease outbreaks, and economic conditions.
FAQs
Q: What does this economic trend measure?
A: The PLAMBUSDM series tracks the average monthly price of lamb in international trade, expressed in U.S. dollars per kilogram.
Q: Why is this trend relevant for users or analysts?
A: Lamb prices are a key indicator of conditions in global livestock markets and can signal shifts in consumer demand, production costs, and trade policies.
Q: How is this data collected or calculated?
A: The data is collected by the United Nations Food and Agriculture Organization from customs declarations and producer surveys.
Q: How is this trend used in economic policy?
A: Lamb prices are monitored by policymakers, industry groups, and market analysts to gauge agricultural commodity market conditions and food security risks.
Q: Are there update delays or limitations?
A: The PLAMBUSDM series is subject to the timeliness of data reporting by participating countries and may not reflect the most current market conditions.
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Citation
U.S. Federal Reserve, Global price of Lamb (PLAMBUSDM), retrieved from FRED.