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Global pork price on downward trend

6th Dec 2017 / By Alistair Driver

While the average global pork export price peaked in the third quarter of 2017, it has now begun a downward trend.

According to AHDB Pork analysis, based on the four largest global pork exporters (the EU, US, Canada and Brazil) the average value of pork traded peaked during July at $2.82/kg, the highest level since 2014. However, this had dropped 4% to $2.71/kg by September.

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In another interesting global development, Russia has banned Brazilian pig meat and beef due to concerns that the meat contained muscle growth stimulant ractopamine. Ractopamine is banned for use in pork production in Russia, China and the EU, but it is used in some countries such as the US and Canada.

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