The fall in international prices coupled with a 50% decline in production explains the negative outlook that beekeepers have for this year, 2016.
Reports state that the international price has fallen by up to 55%, as a metric ton of honey went from trading at between $4,000 and $4,200 in 2015 to a range of $2,000 to $2,400 so far this year, reports Prensalibre.com.
58% of Canadian families buy organic food at least once a week, making it an attractive market for companies producing these products.
The demand for organic food has grown in recent years both in Europe and in North America, where countries such as Germany, Switzerland, the United States and Canada are buying more and more organic food which is free of pesticides, dyes and other chemicals in order to improve their health. In Canada alone, 58% of households buy organic food at least once a week, making it an attractive market for companies producing these products.
Between 2010 and 2011 the amount of land sown with seeds for organic products was reduced from 11,115 hectares to 7,448 hectares.
The reduction in revenues from developed markets due to the economic crisis and high production costs may be the reasons behind the reduction in the global demand for organic products, by companies in this sector.
Guatemala exports to South Korea and China have increased by 185% and 382%, respectively.
Details from the Guatemalan Association of Exporters (Agexport) show that South Korea and China are the two Asian countries with the most products sales from the Central American nation, with honey, sugar and shrimp being the main exports.
The country has high quality honey but is far from competing with the big exporters like China and India.
The main destination of the 1,978 metric tons of honey produced during the 2012-13 harvest was Europe, however, this is not enough for the country to compete with major exporters such as China, Mexico or India. This amount was 536 tons more than the harvest exported during 2011-12 when 1,442 tons were sold.
Currently production is less than 500 tonnes per year, equivalent to 0.09% of what was imported globally last year (518,818 tonnes). According to Luz Marina Arana, coordinator of marketing research of the Center for Export and Investment (CEI), although Nicaraguan honey has entered duty free since 2004, with the entry into force of the trade agreement, "the new rules will stabilize trade and expand the possibility of new markets. "
The country currently exports coffee, cardamom, macadamia, sesame, honey, lemon and black tea, and other products such as melon, papaya, mango and pineapple are seeking access to international markets.
Producers agree that the sale of crops raised organically generates profits of up to 70% more than those from traditional planting.
"Gaspar Armando, a cooperative farmer in the Mayan Peoples Federation (Fedepma) reported that although the volume of production is less, compared to coffee produced from chemicals, sales can generate higher profits by up 70 percent", reported Prensalibre.com.
According to Organic Monitor many suppliers of organic products have reported a rise in sales and improved market conditions, however, this situation is not shared by all European countries. President of Organic Monitor, Amarjit Sahota, says that since 2007, the demand for organic products has been affected by the economic crisis, mainly in the UK, however countries such as Italy and Switzerland have shown a small but positive growth while the Netherlands and France reported double-digit growth. In Europe, sales of organic products have increased by between 4% and 6% annually.