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  1. #581
    Join Date
    Feb 2009
    Location
    Pigeon Falls, WI
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    2,527

    Default Re: Bulk honey prices and market outlook

    Quote Originally Posted by The Honey Householder View Post
    Hear of a midwest packer looking for honey outside of the midwest area. Sounds to me the price is to high in the midwest or there isn't much left.
    This years crop around here was darker and I've heard of higher moisture readings than normal(is there such a thing as normal in beekeeping).
    Last edited by Beeslave; 12-07-2010 at 07:07 PM.
    Leer Family Honey Farm-Shannon Leer

  2. #582
    Join Date
    Nov 2008
    Location
    Grand Rapids, Ohio
    Posts
    858

    Thumbs down Re: Bulk honey prices and market outlook

    Quote Originally Posted by Beeslave View Post
    This years crop around here was darker and I've heard of higher moisture readings than normal(is there such a thing in beekeeping).
    I sold 4 barrels of melter and 6 barrels of clover honey to a small packer. Called to see where my check was, they was telling me the honey was testing at 20% check barrels in house from the same production day and check out at 17%. Called back and they said the melter honey tested at 20% too. Wouldn't you know it took almost 90 days to get paid. Really high moisture or low bank account.

    BEEKEEPER OR BANKER

    If I could just get a package suppier to front me 800 packages for 90 days until the honey come in. And OH YA I only want to pay you 1/2 of what your packages are worth.

  3. #583
    Join Date
    Jan 2003
    Location
    Manitoba Canada
    Posts
    5,788

    Default Re: Bulk honey prices and market outlook

    Presidents choice or No Name packed honey on the shelves of Super Store are selling for about $6 per kg creamed white honey. Billy Bee is selling for $10 per kg creamed white honey. Thats $4 difference in retail price. They are both blended off shore honey, how can No Name sell for that price
    Ian Steppler >> Canadian Beekeeper's Blog
    www.stepplerfarms.com

  4. #584
    Join Date
    Jan 2005
    Location
    FRASER VALLEY, BRITISH COLUMBIA
    Posts
    1,303

    Default Re: Bulk honey prices and market outlook

    Honey at $1.5/lb, so that's $3.30/kg of honey. Another 2% for shrinkage, that's $3.37 per kg of honey. They have another 70 cents or so for the jar and label. I'm not current on these prices, but they pack in PET and not glass , so a little cheaper. Could be a little more or a little less. We are around $4.10/kg. President's Choice is their store brand and you can bet that the packer didn't make any money at it or very little. Very small margin here. I dunno for sure but I doubt much less than 35 cents and really doubt 60 cents per kg. So maybe $4.6/kg. Again could be a bit more, I don't think much less. Throw in some freight to the central warehouse and then to the individual stores. We are getting close to $5.00/kg. Superstore might have $1.00 profit in it per kg. They are not making big $$ selling honey. They probably have a slighly better margin on the BeeMaid honey, but some people don't want to shell out $10/kg for creamed honey. For those people they have the $6.00/kg option. So from the superstore point of view they get some honey money from the $ conscious consummers.

    Jean-Marc

  5. #585
    Join Date
    Feb 2009
    Location
    Knox County, Ohio
    Posts
    2,694

    Default Re: Bulk honey prices and market outlook

    Another 2% for shrinkage, that's $3.37 per kg of honey.

    What is shrinkage? I'm not familiar with that term in regards to honey. An extra 2% adds up.

  6. #586
    Join Date
    Jan 2005
    Location
    FRASER VALLEY, BRITISH COLUMBIA
    Posts
    1,303

    Default Re: Bulk honey prices and market outlook

    It's when honey is processed and goes from the barrel into the jar. Packers loose between 1 and 2 percent. So if 650 pounds of honey are in the drum you won't end up with 650 one pound jars, you'll end up with maybe 635 or 640. The heat from processing evaporates some of the moisture from the honey and poof it's gone, shrinkage.

    Jean-Marc

  7. #587
    Join Date
    Mar 2009
    Location
    Poplar Bluff, Missouri, USA
    Posts
    2,280

    Default Re: Bulk honey prices and market outlook

    There is also that thin layer of honey left behind on the walls of the tanks, piping, etc etc... that gets washed down the drain when you clean up. It adds up over a season or two.
    Regards,
    Steven
    "If all you have is a hammer, the whole world is a nail." - A.H. Maslow

  8. #588
    Join Date
    Feb 2009
    Location
    Knox County, Ohio
    Posts
    2,694

    Default Re: Bulk honey prices and market outlook

    How does losing 2% of the honey due to evaporation increase the value of the honey you sold by 2%? If I sell my honey for $3.30/kg, how does the packer losing 2% due to evaporation pay me $3.37/kg as in your example?

    What is to prevent packers from adding 2% water to offset the 2% evaporative loss? I highly doubt a packer is going to sell 14% moisture honey when they can add a little water to turn it into 18% honey...and the water they add to get the 18% gets sold at honey prices.

  9. #589
    Join Date
    Jan 2005
    Location
    FRASER VALLEY, BRITISH COLUMBIA
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    1,303

    Default Re: Bulk honey prices and market outlook

    That 2% loss doesn't add value to the honey, it adds cost of it. The packer doesn't pay you that money but he has to offset it or at least account for it, then pass it on the the consummer. The point I was trying to make to Ian was that even at $6/kg, there is still a little bit of profit there somewhere for somebody. There is not a lot of profit for the packer nor the store. Why they do it, I speculated on, but only they can answer that for sure.

    Nothing prevents a packer from adding water. I don't think they do it, it's probably not that easy in the sense that to blend it into the honey they would have to circulate/agitate that for some time so that later the water doesn't float up and cause fermentation issues. How long would he have to agitate the honey/water, I don't know, but long enough to slow down the whole production. That cost with the associated risk of future fermentation is probably higher than packing low moisture honey.

    Packers probably won't pack 14% honey, but they'll likely blend it with high moisture honey.
    This is easier to do on a physical level. 19% honey is going to float on 14% honey, but will not float as much as water will on 14% honey. So it's easier to blend

    Jean-Marc

  10. #590
    Join Date
    Jan 2006
    Location
    Tamworth, NSW Australia
    Posts
    259

    Default Re: Bulk honey prices and market outlook

    The word for this loss is: ULLAGE.

    It is used mostly in the wine making industry, but it covers a multitude of ways one always ends up with less in the bottles than he bought in the drum.

    When you think about it, there must be a million ways we lose honey this way, and a forklift tine piercing a drum can do you a lot of damage. The two percent loss is only an estimated average. Don't buy too many leaking drums or that numeral might rise!

    Cheers,

    JohnS

  11. #591
    Join Date
    Jun 2009
    Location
    Montgomery County, NY
    Posts
    1,618

    Default Re: Bulk honey prices and market outlook

    Yeah so whats with the deal with these packers wanting to pay 30 days out? One called me for a few barrels. Then wanted 10 barrels. Then wanted me to drop off and wait 30 days for a check in the mail. I said THANKS but gee I can't make other folks wait 30 or 90 days for my payments either. Seems to me they want to sell my honey and then pay me for it.
    Last edited by JohnK and Sheri; 03-01-2011 at 06:47 AM. Reason: unnecessary quote

  12. #592
    Join Date
    Feb 2006
    Location
    Herrick, SD USA
    Posts
    4,249

    Default Re: Bulk honey prices and market outlook

    Net 30 is pretty standard among the major packers except for Dutch Gold which, I think, is net 15 and then of course theres Sue but lets not get started on that. Suppose a seller can hold out for whatever terms they feel are fair.

  13. #593
    Join Date
    Jan 2005
    Location
    souris, manitoba, canada
    Posts
    749

    Default Re: Bulk honey prices and market outlook

    Honey Market Update at Skamberg http://skamberg.com/

    prices in Argentina http://www.apinews.com/en/contents/a...na-honey-price


    Saturday, 15 January 2011 16:22 Posted by Juan Carlos Hidalgo

    In the 8 th Region of Chile (Area where I work). yields are a mess, less than 20% of normal. No records in the last 10 years of harvest worse. The other regions of Chile are not much better. We believe that there will be a great loss of bees from starvation and looting from February onwards, because beekeepers, mostly small, have no funds to feed the bees.
    Juan Carlos Hidalgo compliments

    taken from the above web site.......could prices be on the move?
    Last edited by irwin harlton; 01-17-2011 at 08:06 AM. Reason: Info added

  14. #594
    Join Date
    Jan 2005
    Location
    souris, manitoba, canada
    Posts
    749

    Default Re: Bulk honey prices and market outlook

    ABJ Extra
    -INTERNATIONAL HONEY MARKET REPORT
    CURTAILMENT OF CIRCUMVENTION

    by RON PHIPPS

    http://us1.campaign-archive1.com/?u=...2&e=5229dfa01a



    subscribe here http://us1.forward-to-friend.com/for...2&e=5229dfa01a

  15. #595
    Join Date
    May 2010
    Location
    Nelson, South Island, New Zealand
    Posts
    527

    Default Re: Bulk honey prices and market outlook

    30 days is nothing here in New Zealand it's standard to have payments spread out over 6-9 months!

    Frazz

  16. #596
    Join Date
    Jan 2005
    Location
    souris, manitoba, canada
    Posts
    749

    Default Re: Bulk honey prices and market outlook

    Feb 2011 Market update http://skamberg.com/honey.htm

  17. #597
    Join Date
    Nov 2008
    Location
    Grand Rapids, Ohio
    Posts
    858

    Thumbs Up Re: Bulk honey prices and market outlook

    Sold the last of 2010 crop for $1.95 but was only a 7 ton lot. Just wondering If I should have held longer. Spring weather has been cold and looks to be the wettest April since the 40's. With the price of bees up 10-15% this year just wondering what honey is going to be this year. Heard of some package shippment coming out of the south short this year because of colder weather. Is there much of 2010 crop left.

  18. #598
    Join Date
    Jun 2003
    Location
    Lakeland FL
    Posts
    839

    Default Re: Bulk honey prices and market outlook

    just sold a load of ela-white orange honey for 1.70 a lb.

  19. #599
    Join Date
    Feb 2006
    Location
    Herrick, SD USA
    Posts
    4,249

    Default Re: Bulk honey prices and market outlook

    ST Sounds about right to me from the input I am getting. HH has his own marketing thing going up there that always nets him .20 a lb. Or so more. One of the perks , I guess, to being one of the few major suppliers in the area. I don't really think spring weather or rising bee prices directly affects the price, but it is certainly an early indicator of where domestic production might be headed. Definitely aren't any indications that there is any market forces out there to move the price down as long as one dosent try to market their whole crop in mid summer just as new crop honey is moving into the marketplace.
    "People will generally accept facts as truth only if the facts agree with what they already believe."- Andy Rooney

  20. #600
    Join Date
    Jan 2005
    Location
    souris, manitoba, canada
    Posts
    749

    Default Re: Bulk honey prices and market outlook

    from

    http://www.honey.com/nhb/industry/industry-statistics/

    2011 JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC
    CANADA $1.71 $1.73
    MEXICO $1.29 $1.19
    ARGENTINA $1.45 $1.47
    CHINA $1.50 $1.52
    Average $1.49 $1.48

    Odem is reportedly paying 1.62 to the keeper, payment of 60 days....so the keeper takes the risk

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