Global pork export prices have remained under continued pressure throughout 2015, reaching a low point in April, and struggling to do much better during the third quarter, according to AHDB Pork.
“Prices dropped to $2.51/kg (£1.66/kg) in April, before picking up slightly during the months of May and June, only to continue the downward trend in the third quarter,” said AHDB Pork.
The average price, which is based on export prices from the four major exporters (the EU, US, Canada and Brazil), fell back again in August and September with the latest figures putting values $0.71/kg (47p/kg) below the corresponding period in 2014.
With the latest data released for October registering a further fall in prices for the US, Brazil and Canada, AHDB Pork warned that the, as yet, unpublished figures for the EU are unlikely to show any improvement.
“Due to the links between these markets (US, Canada and Brazil) and the weak EU pig market, it is expected that this trend will be apparent there as well, putting further pressure on the average global price,” said AHDB Pork.