A fall in lamb numbers because of the worst drought in 70 years may result in higher prices for this year's Christmas roast.
A total of 25.5 million lambs were tailed this spring - 1.3 million fewer than in 2012 - making the current lamb crop the second-smallest in nearly 60 years, Beef and Lamb New Zealand said.
However, the lamb crop figure was higher than many had expected, said Beef and Lamb economic service chief economist Andrew Burtt.
The spring 2013 lamb crop was estimated to be down 7.7 per cent, or 2.1 million lambs, reflecting the severity of the widespread drought last summer and autumn.
Spring lambing conditions would also contribute significantly to the final outcome.