Woop dee doody - a nebulous 'deal' allowing us to export honey to Saudi we have no difficulty in selling what we produce already
You might not.......but there are plenty out there still sitting on all their 2022 honey and most of their 2021 honey. Some of them big names too.
Was talking to a leading stockholder on Friday and he has still been buying in and has hundreds of tonnes of UK honey in stock and is only just started on feeding the
2020 crop of blossom honey out to packers*. The packers are fully stocked and had cut back purchasing, prices in bulk are on the slide, and the first few bee farmers who need to pay for spring inputs are now offering to sell on an 'I need to sell, make me an offer' basis.
We COULD sell it all if we got it back into the multiples, but for that the price point needs to come down.
Big crop in 2023 could spell real trouble for ordinary blossom honey......specialities like borage and heather still ok (for now) as are local provenances into local markets especially in areas where production is not that high...ie Wales and the SW. However if you are going to have 20t of OSR in drums you might struggle to find buyers.
Those of you with moderate amount of honey, packing it yourself, and selling it in local markets are fairly immune to this and will not have seen the demand fall and downward price pressures that are out there.
* That is not as serious as it might sound...a stockholder often run with 12 months stock at a minimum to protect their end customers from out of stock situations if there happens to be a crop failure.