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
At $1.15/lb, and running a business, what do you need? Sorry HH, how many hives and how much input?
1000 hives @ 100 lbs = $ 115,000. Input costs? Labour? Mite treatments? Extraction costs?
So variable, so many costs, such a small return....Just sayin’....
Best you could do is ban imports. Except from Canada of course. LOL 😂
Maybe a 400% import duty? From shaky and suspicious countries, of course. Your Prez is cool with duties....
Best to you,
Brian
Price in the big box store is at a new highs (very little to no push back on price increase). Wholesale honey sales have been very strong at the $2.55 to the small packers. A lot of stockpiling going on this last fall. Getting honey container has been the biggest problem this season. More USA honey containers being produced for 2021. USA needs to get away from the china suppliers of honey containers.
Agreed. I have been having trouble getting containers. I only buy USA made. They seem to be selling out or out of stock though. All kinds of containers
Well in Canada we are at $3.00 per pound. Maybe more. There’s very little white honey in North America so will only continue to go up. Would think you could get $2.50.
We had a below avg. crop this year in NW Ohio. Sales have been very strong. Bucket price from $190-$250. Barrel price from $2.95-$3.15 a lb. With those kind of honey prices is anyone selling bees off in the spring. As a big honey producer we are looking to sell very few bees in 2022. Hope honey price holds.
Jim's right. I sold 20 barrels to a small packer for $3.05. and smaller lots for $3.15. All looking for local honey. Takes longer to move in smaller lots, but pays better. Short crops sometimes pay better then big ones.
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