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honey price history

Before deciding to update this data, NASS reviewed our estimating programs against mission- and user-based criteria requirements to maintain the strongest data in service to U.S. agriculture. Information about all NASS surveys and reports is available online at Price Paid per Queen was 18 Dollars in 2019
The average prices paid in 2019 for honey bee queens, packages, and nucs were $18, $85, and $100 respectively.

  • Once we have that figure, which we call “Honey In” we calculate how much of this was used somewhere besides the U.S.
  • Prices for each color class are derived by weighting the quantities sold for each marketing channel.
  • US’ stake of the world’s total natural honey’s exports in 2019 was less than 1%.
  • The USDA makes a similar analysis every year on a wide variety of commodities using somewhat more sophisticated resources than we have available.
  • It paid to hold off, though, because the price has been cut in half since then.
  • The annual growth of US natural honey in value between 2015 to 2019 was 2%, per annum, while annual growth in quantity during the same period was 6%, per annum.

The most telling number, however, is the ‘Other Income’ numbers, down almost $17 million for U.S. beekeepers this past year. Frugality is the mental approach we each take when considering our resource allocations. I would proudly call myself a “shopportunist” and I honestly can’t think of a better word to describe my shopping style. Maybe it seems nerdy, but my biggest purchases (like, over $250) take months of planning.

Amazon Price Comparison

Based on statistics from the USDA, Economic Research Service, the U.S. Honey Production & Trade report tracks data by crop year and includes U.S. honey production and average colony yield, number of pounds of honey imported and exported, and the average price per pound. United States Honey Production Up 2 Percent in 2019
United States honey production in 2019 totaled 157 million pounds, up 2 percent from 2018. There were 2.81 million colonies producing honey in 2019, down 1 percent from 2018. Yield per colony averaged 55.8 pounds, up 2 percent from the 54.5 pounds in 2018.

The annual/yearly variation in the amount of US’ natural honey exports between 2017 and 2019 was 0.12 pc in comparison to a variation of -1.526% in the period between 2018 and 2019. Search for prices of natural honey and other products in different countries. The top 10 honey producing states don’t change much year to year, but they do change some, especially the bottom five or so. Almost every year North and South Dakota lead the pack, and this year is no exception, with just those two states producing over 18% of the whole U.S. honey crop, and SD almost 10% of the U.S. crop. Combined, these 10 ammounted to more than a quarter of the U.S. crop last year. Our argument is that our numbers are pretty straight forward in that we gather everything we can, the same way every year and make the same calculations every year.

Price Finder Tool

The most important key figures provide you with a compact summary of the topic of “Honey market worldwide ” and take you straight to the corresponding statistics. Having a four-year picture of these elements of doing business gives a better picture of the game we all play. Package and nuc costs are interesting, as is the labor picture.

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In 2019, US supplied natural honey with a value of 23.31m USD, a drop of -8.48% from 2018’s total natural honey export of 25.469m USD. The annual change in value of US natural honey between 2017 to 2018 was -3.49%. Once we have that figure, which we call “Honey In” we calculate how much of this was used somewhere besides the U.S. Exports play into this certainly, how much honey beekeepers and packers have sitting in their warehouses, and how much beekeepers put under loan for this year’s crop. As recently as the end of January, these boots were nearly $80.

Average prices of honey in the United States from 2010 to 2022 (in U.S. cents per pound)*

The USDA makes a similar analysis every year on a wide variety of commodities using somewhat more sophisticated resources than we have available. Visit your Droplist on the Honey website, or just set it and forget it. You don’t need to keep tabs on it because it keeps the tabs for you!

United States and State level prices reflect the portions of honey sold through cooperatives, private, and retail channels. Prices for each color class are derived by weighting the quantities sold for each marketing channel. Some 2018 crop honey was sold in 2019, which caused some revisions to the 2018 crop prices. All told, the top ten housed 69% of all the colonies gds coin price in the US last year, and produced 76% of all the honey produced in the U.S. last year. Oregon made the list for the first time in the last eight years this time, and New York only the second time in the last eight. The rain in California last season spiked honey production there, producing the biggest crop, and having the most colonies in the last seven years.

Honey on Amazon

So, look at the patterns of honey in and honey out and amounts put under loan and imports each year to see a bigger story than just how much. You can add nearly any item to your Droplist and receive e-mail alerts whenever it changes in price by more than 5%. Honey will give you the option to keep the item on the Droplist for 30, 60, or 90 days.

honey price history

As you can see, the price has bounced all over the place since it first dropped in November of 2017. That vertical, blue line in the graph marks the date that I added the boots to my Droplist. It paid to hold off, though, because the price has been cut in half since then.

US natural honey – Production, Exports, Imports, Seasons and HS Codes

This year, 2020 will be interesting with good moisture again this Spring. Prices paid to importers for bulk honey, duty paid, containers included, cents per pound, ex-dock or point of entry unless otherwise stated. Per Capita Honey Consumption, 2019
This figure is arrived at each year, using data from USDA NASS, USDA ERS, the FARM SERVICE AGENCY, and the US CENSUS BUREAU. Special Note
Honey price per pound data have been updated to dollars per pound from cents per pound.

honey price history

Colonies which produced honey in more than one State were counted in each State where the honey was produced. Therefore, at the United States level yield per colony may be understated, but total production would not be impacted. Producer honey stocks were 41.0 million pounds on December 15, 2019, up 40 percent from a year earlier. Stocks held by producers exclude those held under the commodity loan program. USDA Honey Prices by color class 2014 – 1019
Look closely at the prices by where honey is sold over the past five years. Honey Prices Down 11 Percent in 2019
United States honey prices decreased 11 percent during 2019 to $1.97 per pound, compared to $2.21 per pound in 2018.

Pollination income for 2019 was $310 million, up 3 percent from 2018. Other income from honey bees in 2019 was $77.7 million, down 18 percent from 2018. We provide a three-year picture of colonies and honey production by region for the first time to show how they stack up, and how consistent they are, or aren’t.

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