Global pig meat prices fell in August in part due to decreased purchases from China

The FAO meat price index for pig meat has continued to fall.

The FAO Meat Price Index was down in October with international quotations for pig meat also falling.

The country's pork production and pig inventory continue to increase.

The EU pigmeat market is in a difficult situation due to increased production and decreased demand from food services and China. Prices have been falling steadily in the past months.

China has lowered its sow herd inventory target in an effort to control supply and stabilize prices.

July pork exports were driven mainly by growth in Mexico, Central America, Colombia and the Philippines.

While poultry, ovine, and bovine meat prices increased, global pork prices fell in July.

World meat output is forecast to expand despite the many challenges facing meat value chains while global meat trade is seen heading towards a stagnation.

The meat price index has risen seven consecutive months with pig meat quotations firming.

Poultry and pig meat quotations increased, underpinned by a fast pace of imports by Asian countries.