In message <[log in to unmask]>, Peter Bray 
<[log in to unmask]> writes
>Murray McGregor with a very informative response wrote:
>> 65c US...........that would be............USD 1430/tonne.....ex works.
>So Murray thinks it's US$

I did not claim to KNOW it was USD.

I merely speculated that.........as international trade in honey seems 
to be mainly conducted in USD or EUR......and given the way the market 
is going down, and the time lag for supplies to get far enough through 
the system for the German brokers to be  placing it.............that the 
figure was not an inconceivable one in US currency.

If its indeed 65c Canadian, then the European market probably still has 
some way to fall yet. The market finds its level............but 65c 
Canadian sounds LOW.............trouble ahead I suspect, but holding out 
for more with the creditors beating at the door, the diesel tank empty, 
and no syrup for hungry bees, is hard.

The trouble will hit all honey competing for the same niche..........so 
NZ clover will take a kicking too.



-- 
Murray McGregor

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