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News from Global AgInvesting 2011: Lamb-Meat Supply Tightening as Demand Increases, Macquarie Says (5.3.2011)
by Debarati Roy

May 3 (Bloomberg) -- Rising demand for lamb meat in the Middle East is creating supply constraints, according to
Macquarie Agricultural Funds Management, one of the largest producers of cattle and sheep.

“The demand is driving prices up, and we will continue to face supply shortages,” Tim Hornibrook, a co-head of the $1 billion fund, said today in an interview while attending a food conference in New York.

Macquarie, with assets mainly in Australia, is looking at global investments over the next 12 months, Hornibrook said.

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--Editors: Steve Stroth, Patrick McKiernan

To contact the reporter on this story:
Debarati Roy in New York at +1-212-617-5307 or
droy5@bloomberg.net

To contact the editor responsible for this story:
Steve Stroth at +1-312-443-5931 or
sstroth@bloomberg.net.

 

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