*http://skamberg.com/honey.htm <http://skamberg.com/honey.htm>*

*July 2018*

The As we continue to watch the market we see that the price for U.S.
(Domestic Only) supply of honey continues to remain firm and it is unlikely
that there is much domestic honey still available from current crop. Those
growers/producers with honey can still demand a high price until new crop
is available. Thankfully with the moisture that moved through the Midwest
prospects have improved but it is still fairly early. It would seem that a
good domestic crop would at least stabilize U.S. availability and pricing
and hopefully cause it to soften some.

Import prices into the U.S. continue to be a different story as prices
remain softer. Most specifically is Argentine honey have seen prices drop
another 10%. This is still likely due to the devaluation recently of the
Argentine Peso. India prices have dropped slightly in the last month but
not much. Reports are that Vietnam still has a carryover of Amber and Dark
Amber honey which can be difficult for packers to blend out to meet color
specs. Vietnam Light Amber honey prices are similar to India. The industry
is finally seeing some price relief with Ukraine honey as their price to
the U.S. is 5-10% less than a few months ago. Brazil organic honey prices
continue to soften. Better crops and some competition from other countries
have contributed to this.

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