Bulk honey prices and market outlook
Deflation , then inflation and currently a whole bunch of de-leaverageing going on in this crazy economy, which I hear from the majority with crystal balls, that is only going to get worse as a recession or a depression .
Heard some packers had dropped their offering prices......... hadn't noticed any downward pricing going on the store shelf's,to the contrary , prices were actually going up there.
A Canadian honey broker recently had a offer out for 1.50 Canadian,picked up in your yard, drums lost , for 10 loads, alot of phone calls later the order was filled and she is working on another order for the same price,I hear. Canadian dollar was trading around 1.25 US. That may be GOOD PRICE at present market conditions........ but I doubt it.I don't think supply and demand have entered the big picture yet.Other Current Canadian offers were 1.40. UK honey is selling at up to £2.30 per pound in BULK- source Bee -L.
Maybe that supply and demand won't enter the pic if the packers get there way.
I must remind myself that honey is not one of those necessity foods like bread and milk and that I don't need to be quite as greedy as some of those wall street folks
maybe no more cheap Chinese honey in the US
brazil honey exports and prices
Disclosure United States was the main destination for Brazilian exports of honey in October
The Brazilian exports of honey for the month of October remained an uptrend has been in September. The growth was 16% in value and 22% by weight, equivalent to an income of $ 5776533.00 and 2.33 tons of honey. This is the second highest monthly value already exported by the sector, exceeded only by income received in April 2004.
The balance of exports from January to October this year is also quite favorable. During this period, the accumulated revenue was $ 35.48 million, growth of nearly 100% in comparison with 2007. The quantities traded reached 14.99 tons, high of 35.8%.
The data are consolidated by the consultant for removal of the Unit of the Sebrae Agribusiness and national coordinator of Sustainable Integrated Beekeeping Network (Network Apis), Reginaldo Resende. The reference is the System Information Analysis of Foreign Trade via Internet (Alice-Web) of the Secretariat of Foreign Trade (Secex) of the Ministry of Development, Industry and Foreign Trade.
In October, the average amount paid by the honey exported was $ 2.47 per kilo, a reduction of 5% compared to September. However, prices received by the states of Santa Catarina and Parana broke the historic barrier of $ 3 per kilo. Santa Catarina registered reaching new record price of U.S. $ 3.35 / kg, and Parana returned U.S. $ 3.02 / kg
Sao paulo took the lead in exports in October, with $ 2.4 million, accounting for more than 42% of the total value exported. Rio Grande do Sul appears in the second in the ranking, with $ 1.3 million, followed by Brazil (U.S. $ 696.8 mil), Rio Grande do Norte (U.S. $ 577.7 mil), Nevada (U.S. $ 464.3 mil), Paraná (U.S. $ 117 thousand) and Minas Gerais (U.S. $ 97.9 mil).
The United States was the main destination for Brazilian exports of honey in October. The country accounted for 69% of the total market, with revenues of $ 3.97 million at a price of 2.40 / kg Germany has already bought 24% of honey exported last month, with prices of $ 2.76 / kg
"The export to Europe, which has always paid more for Brazilian honey, it was possible due to be in October, eight warehouses and related authorized by the Ministry of Agriculture to export honey to the European Union", highlights Reginaldo. This result was driven by the Food Insurance Program (SAP) applied to beekeeping, developed by Sebrae and partners. Of the eight warehouses related, three are in Brazil, two in Sao Paulo, two in Michigan and one in Parana.
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supply and demand in the honey market
and where OR which way will it will it go?
By Nigel Stevenson and Brett Foley
Dec. 5 (Bloomberg) -- The fundamentals of commodities are “unimpaired” and prices will rebound when a lack of new supply leads to shortages, said Jim Rogers, chairman of Rogers Holdings.
“Commodities will be the place to be if and when we come out of” the downturn, Rogers said yesterday in an interview from Miami. “The only thing where fundamentals are unimpaired are commodities. Farmers cannot get loans for fertilizer now. Nobody can get a loan to open a zinc mine. So we are going to have some serious, serious supply problems before too much longer.”
The Reuters/Jefferies CRB Index of 19 commodities has plunged 53 percent from a record in July on concern that a global recession will sap demand for raw materials.
Rogers said crude oil and agricultural commodities were the most likely to have shortages and the outlook for zinc and cotton had “improved.”
Central banks and President-elect Barack Obama should be careful in responding to the global economic slump, Rogers said.
“It is astonishing how bad they’re reacting this time. It is unfathomable to me what they’re doing and you think some of them would have read some history,” he said.
S. Kamberg dec 2008 honey report
sorry Jean Marc, try this link