New crop honey on sale: Ukraine, India and more

New honey season commences.  Please see below what is currently on sale and what trends may look like.

Honey from Ukraine

Rapeseed 10+ FCL (full container load, ~ 20 metric tons) available at CFR $3550/MT and Acacia 2+ FCL at CFR $5350/MT at the port of Philadelphia. See details at the picture below:

Large scale 2015 honey supply from Ukraine

Large scale 2015 honey supply from Ukraine

Polyfloral honey from Ukraine is on sale at CFR $3450/MT at Canadian and/or US ports. A container (1 FCL) or more is available on monthly basis.

Honey from India and China

Acacia from India available from UAE, port of Dubai at FOB $5800/MT (color 10 mm Pfund; moisture 18%; HMF 6 mg/Kg).

indian acacia honey

Polyfloral honey from India (color <55 mm Pfund) at a descent price of CFR $3250/MT delivered at any US and/or Canadian ports. Up to 10 FCL are available for shipping to your destination.

A special offer for the US and Canadian buyers: ~30 FCL of good quality polyfloral honey (color 35 mm Pfund  Color of the honey) available from warehouses in New Jersey. The honey is of Chinese origin but it is accompanied by Intertek analyses and it has been released by the US CBP and FDA for the US markets. The first 4 FCL are going urgently at EXW $2300/MT from New Jersey. The rest 26 FCL may go at as low as $2800/MT at your destination port.

Please keep in mind that prices and amounts available are subject to change.

Honey import on sale

Prices for honey import

Top prices (not average ones) for import of honey into the USA were notably higher in September than in August:

Prices for honey import_August 2014Prices on honey import in Sep 2014Typically, honeys from South America are the most expensive whereas Ukraine and Vietnam supply less expensive honeys. However due to generally lower harvest output this season, especially on acacia honey, the trend to price increase is expected to sustain.

Please consider below a variety of honeys we can currently offer for competitive prices. Again, acacia honey is very scarce this year and what is left goes at premium price range.

Acacia honey from location in the US

European origin (Romania), at EXW $3.32/pound ($7.32/Kg); 12 drums 290 Kg each

Acacia honey in bulkUSDA Organic (Ukraine) from location in the US USDA Organic honey

Jarred and bulk acacia honeys –       Sunflower, 45 mm Pfund, in 62 lbs buckets and in 200 L drums;

–       Acacia,13 mm Pfund, in 200 L drums;

–       Buckwheat, 98 mm Pfund, in 200 L drums;

–       Linden, 50 mm Pfund, in 200 L drums;

–       Polyfloral at CFR $4190/MT ($1.90/pound) at US ports.

62 Lbs pail of honey

Organic White Canadian honey

Organic Canadian Honey18 mm Pfund, 200 MT, 1FCL monthly at EXW $2.50/pound ($5.51/Kg), located in Canada;

Canadian Organic honeySpecs for Organic Canadian honey

Polyfloral honey from Ukraine

45 – 55 mm Pfund at FOB $3575/MT at port of Odessa Ukraine

Specs for Ukrainian honeyPolyfloral honey  from Ukraine

40 – 44 mm Pfund 2FCL ready to go at CFR $3500/MT ($1.59/pound) at US ports; certificates available.

Samples of UKR PolyfloralSpecs for Ukrainian honey_Polyfloral honey from Thailand

41 mm Pfund at CFR $3000/MT ($1.36/pound) at US ports; certificates available. Located in Germany.

Sample of Thai PolyfloralThai honey specsPolyfloral and Lychee honeys from India at CFR $3375/MT

Please note that CFR means price upon delivery to a destination port. Certificates of quality and analyses are available. Color is in the range of 25 – 50 mm Pfund.

Polyfloral and Lychee honey from India

Polyfloral and Lychee honeys from India

Specs for honey from India (2)Manuka honey supply from New Zealand

UMF manukaActive manuka honey of desirable activity of UMF +5, +20, etc., is available upon request from over 50 licensed suppliers in NZ. Also, blended manuka packed in 200 L barrels is available in large volumes at CFR $20/Kg at destination ports.

Please let us know if you are interested in any of the above opportunities. Prices and supply available are subject to change.

Honey on sale in bulk

Prices for US import: August 2014 Update

Between June and July 2014 prices for honey import in the USA did not change too much staying relatively high. However, data on import from Ukraine are absent in the USDA report of July. Prices for honey from Argentina look a little lower ($1.83 – $1.88 per pound; i.e. $4.03 – $4.14 per Kg) while India and Vietnam were able to keep about the same low prices as before (see picture below).

Prices paid for US import_JHowever, in August, the prices underwent significant growth of some 6% for Vietnam, 11% for Argentina and 17% for honey from India. Honey from Ukraine also came at some 10% higher price than back in May.

Prices paid for US import_August 2014Presently we have honey on sale from a number of countries below. As usual, prices are a subject to change at any time.

Honey for sale in bulkHoney from Ukraine

We presently have a supply of freshly collected 2014 Polyfloral honey from Ukraine (ELA, 45 – 55 mm Pfund; moisture 17.5 – 18.5%). This honey is for sale at CFR price (delivery to destination port included) $3600 – $3880 per ton ($1.63 to $1.76/pound) depending on destination and volume. We also have a variety of USDA Organic and Kosher certified honeys on sale.

UA Global_USDA Organic (2)

USDA-NOP Organic honey certificate

Certificates of analyses issued by QSI GmbH (Germany) are available.

Honey from Russia

Polyfloral (ELA, ~ 50 – 60 mm Pfund), Buckwheat, Linden, Rapeseed and Sunflower. Russian honey in general is notably stronger in flavor and aroma. Typically it is characterized by high diastase numbers, high antioxidant and healing activities. Prices are in the range of CFR $3200 – $3400 ($1.45 – $1.54/pound). Perfect honey for table and ingredient purposes. Confirmed supply is 40 tons monthly.

Honey from India

Polyfloral (ELA, < 50 mm Pfund). Price is in the range of CFR $3300 – $3360 depending on destination. Lower prices are possible at higher purchase volumes of some two 20 foot containers monthly. Please see an example of COA from Intertek for the honey below. Perfect honey for table and ingredient purposes. Confirmed supply is 500 tons monthly.

An example of pollen analysis_IndiaHoney from Vietnam

EU CERTIFIED Polyforal honey (LA, ~ 75 – 80 mm Pfund), COAs from Intertek (Germany). Perfect honey for ingredient purposes. CFR price which includes delivery to the USA/Canada ports is $3000 per ton ($1.36 per pound). This honey will be available starting from February 2015 the amount up to 1000 tons annually. Supply of 40-60 tons monthly is possible.

Vietnam honey_apiaryHACCP Certificate_Vietnam honeyThe honeys are located in the countries of origin. If you have any interest please let us know. We are opened for all discussions on prices and payment terms. Prices and supply volumes are subject to change.

Prices for Honey Import in the USA

Decline of domestic honey production

A year ago an article Honey Bees Are Dying said that Colony Collapse Disorder has wiped out whopping 10 million bee hives worth $2 billion over the past six years. The death rate for colonies has hit 30% annually in recent years and there are now about 2.5 million honey bee colonies left in the US, down from 6 million in 1947 and 3 million in 1990. That downward spiral leaves “virtually no cushion of bees for pollination,” the report’s authors write.

The below statistics has been taken from the US National Honey Board on Honey Demand, 2014 report. Colony collapse among U.S. suppliers and the growth of honey imports top the list of major structural changes in the US honey industry. In 1965, U.S. commercial honey bee colonies totaled 4,718 million colonies. By 2013, total colonies declined to 2, 64 million or about 53% of the 1965 levels.

Increase in honey import

Honey imports in the USA

Honey imports in the USA

From 1989 to 2000, Asia supplied 36.5% of the imported honey and South America, 40.7%. Major shifts after that period occurred with Asia’s share being 47.6% and South America’s equaling 31.3%, thus, pointing to the growing importance of Asia as a source of honey. Between the two periods, Asia’s volume grew by 135% and South America’s by 38%.

Combining domestic and imports provide a complete picture of available honey within the U.S. marketplace that must be utilized and marketed. Within the bars in figure below, the lower bars represent domestic production and the upper bars are imports. By 2012, total honey available to the U.S. marketplace reached 458 million pounds with imports accounting for approximately 68% of the total. That number is contrasted with 1965 when imports supplied around 5% of the total.

Combined domestic and import honey supplies

Combined domestic and import honey supplies

The above picture best illustrates the combined structural change in the honey industry. Total honey availability has increased by a factor of 1.79 times the 1965 pounds. Yet domestic honey accounted for around 32% of the total by 2012. Even with the U.S. colony collapse and productivity trends, total pounds of honey available to U.S. consumers has increased as a direct result of the growing imports of honey.

Domestic producer compare to import FOB prices

Domestic producer compare to import FOB prices

Domestic honey prices have risen from $0.18 per pound to over $1.95 per pound between the 1965 through 2012 years. That is nearly an 11-fold increase in price over the time span.

Latest price change trends

Let’s turn to some recent statistics. Honey production in 2013 from producers with five or more colonies totaled 149 million pounds, up 5 percent from 2012. The average producer price per pound was $2.121, up 6% from $1.992 in 2012

In the last eight years domestic honey prices in the US showed steadily growth in both retail (from ~$3.8 to more than $6 per pound, i.e. ~ 60% increase) and wholesale(from ~$2.7 to ~ $4.6 per pound. i.e. ~70% increase).

This year of 2014, with domestic production capable to satisfy only ~ 30% of the United States demand in honey 70% must be imported from abroad.

Accordingly, prices for honey import to the United States (although in general 50 – 60% lower than average domestic ones) expressed in CIF Incoterms have grown lately from ~ $1.50 to ~ $1.90 per pound, i.e. some 27% increase for the last three years.

Latest prices for US honey import

According to the USDA National Honey Reports, prices paid to the US importers that included transportation, custom duties and containers cost (ex-dock terms) in April 2014 fell into $1.30 (Vietnam) to $1.89 (Argentina) per pound range as shown below.

US honey import_April 2014

US honey import_April 2014

Prices for the US import in May 2014 were within $1.34 (Vietnam) to $1.95 (Argentina) per pound range:

US honey import_May 2014

US honey import_May 2014

Prices for the US import in June 2014 were within $1.31 (Vietnam) to $2.07 (Argentina) per pound range:

US honey import_June 2014

US honey import_June 2014

However, in June 2014 price for the US produced Buckwheat honey, for instance, was in the range of $2.50 to $3.15 per pound at ~ 4400 pound (2000 Kg) sale scale.

We will keep you posted on further trends in the US honey import prices.