I am looking for the title to an 80's fairy tale for children. All I can remember is that there was a loud brash woman with red hair, I think she was a queen or a witch and some character had a pig nose.

MAYBE??

Willow (1988) (http://www.imdb.com/title/tt0096446/)

The sorcerer's daughter has red hair.
At one point in the movie the sorcerer turns everyone into pigs. They start with having pig noes.

There's A Troll in Central Park... there's a troll with red hair I believe.. or is it blond? I'm not sure lol.sorry. It sounds so familiar though

The movies name is: Willow!