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
These big packers have big contracts to fill, and with honey @$2 they can't make enough $. Shelf price on 12 oz bears in the box stores selling at $3.60 can't bee real honey. Might just drag the bee though the syrup at that price.:digging:
with honey @$2 they can't make enough $. Shelf price on 12 oz bears in the box stores selling at $3.60 can't bee real honey.
I am against adulterated honey being sold as pure honey period. It needs to be stopped and has in several states. Which is great news to america's beekeepers.
However using the above numbers there is $1.50 worth of wholesale honey being sold for $3.60 retail. That's $2.10 per bear to get it from the barrel to the shopping cart. I believe that can be done with 100% honey on a large scale.
Correct me if I am wrong here maybe I missed something?
Shelf price has little to do w/ cost to the bottler or wholesale cost to the seller. I have no reason to think that cheap honey isn't honey. What we think we know and what we really know are two different things.
I see honey in one super market ( in Australia) selling very cheap and labelled " from local and imported sources".
On the other hand...we had a group of visitors from the US visiting ( from near Seattle) and buying honey off me to take home and telling me " we can't get this quality at home".
Don't shoot me - I'm only repeating what they told me>
Contrary to the report saying "demand for Canadian honey is at an all time high and their prices are approaching U.S. raw honey prices. The 2013 Canadian crop should also be in high demand and bring prices comparable to U.S. raw honey prices",last National USA Honey report stated sales for Dec. of Canadian ranged from 1.67 to 1.87, less freight and duty.Some Canadian honey is being held in hopes of higher prices,equal to what US producers are receiving, and all the more power to those Canucks who happen to know what their stuff is worth.Canadian honey is typically viewed as foreign honey and lumped into the rest of the foreign honey category but their are Canadian producers who are members of Sue Bee and they will enjoy a US producer price
12 oz bears ( store brand ) are on sale up the street this week for $2.79.
They were on sale last month for $2.39 as I think the normal shelf price is $3.19.
I think it very intresting with all the " to do " so to speak this past summer or fall with Costco doing a write up or article in there monthly magazine about there honey.
The article was intresting my wife & I thought as to how concerned Costco was and have a program called " Source Verified " and there label is stamped as such.
So a week or so ago I saw that Costco had moved the honey into a different place in the store.
I looked at both the 3-pack of 24 oz. bears & the 5# jug. The label clearly states product of the USA & Argentina & yes the label is still marked with there " Source Verified " stamp.
BeeMaid honey sold in Canadian Costcos,
I cant speak for US Costcos
BeeMaid honey is sourced varified, in fact not only that, but in a couple of years, all the honey BeeMaid sells will be from CFIA registered facilities
``Source Verified " Interesting that packers,sellers will be able to trace honey back to individual producers, and probably back to the actual beeyard and hives it was produced in,mostly because of the large retailers like Costco and Wally World, who require this for insurance reasons.Also interesting that Bee Maid producers who fail to register with CFIA and,or pass CFIA stringent inspection regulations will cost them 3 cents a lb compared to those who do register and pass every year.
All for the betterment of those selling the product on the shelf,and some of the producers....needless to say this cannot be done(traceability) WITH CHINESE OR MOST OF THE FOREIGN HONEY IMPORTED IN THE WORLD
I would hope there is some kind of penalty for not complying with registration. Otherwise there would be no incentive to comply and the boards direction. I dont know how they will handle non registered producers after their deadline passes. I would assume they have an action plan to help retiring beekeepers make an exit without having to invest alot of time and money. And for the rest of us, I think the board is working towards the right direction in response to consumer demands.
We produce very high quality honey here on the prairies, might as well exploit our to do so
As you say, good luck getting most Internationally Foreign traded honey to do the same
If I were a betting man and there was such a thing as honey futures in the market place, I 'd say honey futures would have went thru the roof today on this news
..............seems to be a lot of packing capacity or volume of sales that is no longer being filled with cheap Chinese honey...........for a long time I hope
Mark, 99% sure he refering to the many guilty pleas in federal court about honey laundering. Where they dodged 50+ million in taxes and will now pay 1 or 2 million in fines and promise to "play nice" now.
Great news for the many honest folks in this industry. The punishment needs to fit the crime though. This is the kind of thing that Truesource was organized to fight. Groeb's obviously had a huge unfair and illegal advantage over the competition.
Where did all that honey go? Other packers? Eventually onto the store shelves or the cereal/bakery industry? I guess I should read the article, especially since Irwin reposted it for me, but, was any of this honey seized?
Of the 200 or so used honey buckets I purchased a coupla years ago, they nearly were all Groeb's buckets. Since the buckets came from Raeford Farms I would imagine they were used on the "Honey Roasted Turkeys".
Loss of reputation???
I am getting old & forgetful but seems to me, I think just maybe, have not some of these names been in the news before in the past years for the same type of deal???
Then the fines aren't high enuf. Are fines Business Expenses?
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