I called the Mid US Honey hotline today.  The latest update was June
2nd, and, apparently, there has been no recent activity to report.  The
reporter speculates that prices should strengthen into August as the new
crop begins to come onto the market.  $1.65 is suggested as a target.
He does not, however speculate what will happen after the entire new
crop becomes available.

The reporter then goes on to mention UF honey, and suggest that some
suppliers may be blending a percentage of UF honey into legitimate,
non-UF honey in order to hide the substandard product, to lighten the
colour of the real honey, to lower their costs, and to gain an unfair
price advantage.

If this is the case, such use of UF honey amounts to adulteration, and
adulteration can have a huge effect on a market, since even a small
amount of adulteration in product being offered results in a
corresponding increase of supply.  In many commodities, a 10% change in
supply can swing prices by 50% to 100% -- or even more.

Adulteration, in any form, is a serious problem for all honest market
participants and must be identified and prosecuted for the protection of
legitimate operators.

allen
http://www.honeybeeworld.com/diary/

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