The value of the market also recovered from the lows seen early in 2016. The average pork export price started 2016 at only $2.31/kg, the lowest price for more than six years. However, by October, tighter supplies in a number of key producing states, coupled to a significant increase in Chinese demand for imported pork, saw average prices climb to $2.66/kg. Despite this, in the final two months of the year, export prices again began to tail-off, with the December average standing at $2.57/kg. This was driven by a decline in the US export price during the latter quarter, as production began to escalate.
Monday March 6, 2017/ AHDB/ United Kingdom.