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Farmers will now have to find alternative routes to market for their Welsh lamb, he added.
BBC: Welsh Country Foods meat plant workers finish last shift
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The local authority said beef is currently up to 20% cheaper than lamb in the wholesale market.
BBC: Clackmannanshire takeaways 'beef up' lamb curries
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"To increase cigarette sales, you've got to take market share from somebody else, " says Lamb.
FORBES: Inconvenience
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Lamb said India is an extremely positive market, with a volume increase in 2010 by 39.5%.
FORBES: Interview: Gold Jewelry Sparkles In Both East and West But With Cultural Differences--WGC Official
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The U.S. market, while lagging in volume terms, is showing another side, Lamb said.
FORBES: Interview: Gold Jewelry Sparkles In Both East and West But With Cultural Differences--WGC Official
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Lamb said the WGC sees in the U.S. market, however, a dramatic new introduction creating new premiums for gold at the top end of the trade.
FORBES: Interview: Gold Jewelry Sparkles In Both East and West But With Cultural Differences--WGC Official
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"We want to make sure every person receiving care and support will continue to get the care they need if a provider exits the market, regardless of whether they are paid for by the state or pay for care themselves, " said Mr Lamb.
BBC: Care home regulation criticised by Norman Lamb