Sweet Harvest Foods Q3 2025 Honey Market Report

Key Takeaways:

• Consumer demand for honey continues to show strong growth
• Honey prices are being impacted by recently imposed US tariffs, especially for organic honey
• Preliminary anti-dumping rates were released for June ’23-May ’24

Honey Supply Updates

• Global markets are generally quiet as harvest seasons wind down and the impact of tariffs is being determined
• Honey flow in the US Midwest is mostly complete; pockets of local honey remain available
• Tariff rates of 50% on Brazil and India are raising organic honey prices; 90% of organic honey is sourced from those two countries
• The Indian government reduced the Minimum Export Price on honey to help offset increased US tariffs

Anti-Dumping Update

• Oral arguments in the challenge to Critical Circumstances are complete. Ruling expected in Q4 2025
• The US Department of Commerce has released preliminary anti-dumping rates for Period of Review 2 (POR2); final rates for POR2 are expected in April 2026

Industry News

• US domestic consumption of honey reached a record 688M lbs in 2024, with annual growth averaging 8% since 2005 (USDA.gov)
• EU honey production of 617M lbs in 2022 accounted for 60% of demand, indicating EU consumption of >1B lbs annually (euronews.com)
• US bee colony loss was estimated at 60% in 2024 due to miticide-resistant Varroa mites
• New Zealand manuka honey packer Wedderspoon is purchasing rival Comvita

Honey In-Stock Guaranteed

• Sweet Harvest Foods announces our NEW supply assurance program. Find out more at
  https://sweetharvestfoods.com/in-stock-guarantee/

To view the report as a print-friendly PDF, click here.