Global pork prices reached a low in April before increasing in May and remaining stable in June, however prices remain well below levels seen in 2013 and 2014.The global market has been at its weakest for some years. Following the high levels seen last year global pork prices fell to $2.51 per kg in April, 24 per cent lower than in the same month last year. Since then there has been a modest price increase in May and in June it averaged at $2.64 per kg still one quarter less than a year earlier. Such is the homogeneity of the global market that developments for all major exporters have been similar. This analysis is based on export prices for the four main. Read more...
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