Commodity ingredient intelligence

We hope you have been finding our In the Know blog both useful and informative. But did you know that our IQ Ingredient Intelligence platform provides multiple daily commentaries on a variety of commodity and ingredient markets? In addition, the platform offer access to [...]

Update on California drought, snowpack, reservoirs

The 2021 water year was the second driest on record, and the state of California had been hoping for a wet winter. Rains and snows from January through March, however, were the lowest on record. As of Apr. 1, the state’s snowpack was just [...]

U.S. honey imports plummet under antidumping duties

In November 2021, the U.S. levied varying levels of anti-dumping duties on our top honey origins, effectively choking trade from Vietnam, Argentina, India, and Brazil. Imports of raw honey in November totaled 8,933 metric tons and fell to 6,271 MT in December, compared to [...]

Weak dollar helping boost commodity prices

This past week’s Fed meeting and comments from Chairman Powell hinted at continued low-interest rates and a dovish stance to help the economy regain its footing in the current COVID-19 environment. Historically low-interest rates have already made an impact on the economy via a [...]

Will supply disruption affect the honey market?

One of the fastest-growing exporters of honey to the U.S. has been India, and India has been our largest honey supplier since 2017, when it displaced Vietnam from the top spot. U.S. imports from India grew 12 percent by volume in 2019 over 2018, [...]

Recovery in South Dakota’s honey production

U.S. honey production was around 156.9 million pounds in 2019, up 2 percent from 2018 but down 2 percent from the previous five-year average of 160 million pounds. Honey stocks as of Dec. 15 were 41.0 million pounds, up 40 percent year over year. [...]

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