The quantity of lamb exported from Iceland to the European Union dropped by more than fifty percent in the first six months of this year.
Photo copyright Icelandic Photo Agency.
According to managing director of the National Association of Sheep Farmers Sigurður Eyþórsson, the euro crisis has made exports to the affected countries more difficult.
Icelandic producers are now targeting more expensive markets, with sales to non-EU member states Norway and the Faroe Islands having increased in recent months.
Demand for Icelandic lamb from Asia, Saudi Arabia, Singapore and Canada is also high, Fréttablaðið reports.