Entering the honey world market requires that the product in question has certain factors. Countries such as Turkey, Saudi Arabia, USE, Bahrain, Oman, Qatar, Kuwait, Iraq, Afghanistan, and so on, that import honey will monitor many factors. One of these important factors is the price list of this product or honey import price.
Countries that produce honey, in addition to having to produce their product in a well-defined way, must be familiar with the issues of up to date production.
Competition in the honey world market is very tight, so countries that produce honey should know that they have a great challenge to enter the global market.
What Is Honey Price
In the global honey market, factors that affect the price list of different types of products can be considered as very different factors.
One of the most important factors is the naturalness of this product. Naturalness of honey is a prerequisite for entering the world market as well as determining the price of product.
After the invoices, it’s time to packaging honey. It can be said that honey packing is the last factor that affects its pricing list in honey world market.
How To Price Honey
The high volume of honey imports and exports in the world market causes the sensitivities to increase on different factors of pricing of this product and require exporting countries to comply with many standards.
The standards for determining the price list in the global markets, and especially for the countries that import honey, are defined by the center called the International Organization of Honey.
Due to the fact that honey is a product that has a nutritional and sometimes therapeutic effect, this organization is paying special attention to the quality of honey exports as well as its pricing.
International Bulk Prices
Total average bulk prices per pound of honey imported from four countries.
Source: U.S. Department of Commerce, as reported monthly in the USDA National Honey Report using c.i.f. import value and therefore excluding U.S. import duties.
Honey Wholesale Prices
Although trades of honey in the world market are done in large scales, the price of this product is calculated per pound.
Declaring these prices would make it less complicated for exporting and importing countries to determine the price list for honey. Of course, reducing such complications does not mean that supervision by honey importing countries reduces the quality and price of the product.