U.S. operations with five or more colonies reported producing 147.6 million pounds of honey in 2017, down 9 percent from the year before and just 4 percent higher than the recent low in 2012 of 142.3 million pounds. Stocks of honey as of December were 30.6 million pounds, down 26 percent from last season and down 4 percent from 2012. The declines in production and stocks have supported elevated wholesale pricing, which averaged $5.31 per pound last year, according to the National Honey Board, which was about 15 cents more than in 2016.
U.S. honey production vs. grower & wholesale pricing
Source: USDA, National Honey Board
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