The temporary price relief comes amid struggles for hard-pressed livestock farmers.
Woolworths has announced it will cut the price of lamb products over coming weeks in what it says is a pre-Christmas present amid the cost of living crisis.
Woolworths said the move was part of its Prices Dropped for Christmas program to give "more Christmas savings to help customers spend less this festive season".Woolworths has announced it is temporarily reducing the cost of lamb in the leadup to Christmas. The move comes amid a crisis facing Australian livestock farmers impacted by an oversupply, falling prices and concerns about a forecast dry summer.
Industry data released last month showed lamb bought on the farm has collapsed 50 per cent in the last year, with lamb bought at the shop down less than 10 per cent.READ MORE:Victorian farmer Scott Young said he had never seen "prices fall so quickly".
Australia Latest News, Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Woolworths to cut lamb prices but frustration remains for farmers and processorsFarmers battling a significant slump in sheep prices say supermarkets are ripping off consumers, as Woolworths announces it will cut its lamb prices by 20 per cent.
Read more »
Woolworths worker shares little-known area at every store - that you never knew about7NEWS brings you the latest local news from Australia and around the world. Stay up to date with all of the breaking sport, politics, entertainment, finance, weather and business headlines. Today's news, live updates & all the latest breaking stories from 7NEWS.
Read more »
Christmas cuisine goes beyond the paleWhile gripes over the grape lead to crows feet.
Read more »
Myer opens famous Christmas shop and slashes a massive 20 per cent off premium LEGO sets7NEWS brings you the latest local news from Australia and around the world. Stay up to date with all of the breaking sport, politics, entertainment, finance, weather and business headlines. Today's news, live updates & all the latest breaking stories from 7NEWS.
Read more »
Aussies call for energy and fuel price relief to ease cost of living stressNew data has revealed that Australians believe subsidising energy bills and fuel prices will help ease cost of living pressures, as economists warn a rate hike is looming.
Read more »
Popular brand shocks with first EV priceThe Subaru Solterra is proof electric cars are expensive.
Read more »