Balance 2024: While the international price of honey continues to fall, beekeepers are most concerned about the threat

Despite a potential drop in production due to drought, Argentina remains one of the largest honey exporters in 2024, with production nearly reaching 75,000 tons and over 48,000 tons exported to the US. However, the price of honey on the international market has been decreasing since 2022, with anti-dumping sanctions from the US and finding a place in the demanding European market being the biggest concerns for beekeepers and exporting companies. Domestic consumption covers only 20% of the produced honey, and the situation is improved by the current administration's free market policy and balance between the official and financial dollars for commercial actions.

At the end of 2024, Argentina remains one of the largest honey exporters. Even though forecasts at the beginning of the year indicated a drop in production volumes as a result of the drought, the harvest was again close to the 75,000 tons produced annually. However, the price of the product on the international market has been on a downward trend since 2022, the last time a value above 3,000 dollars per ton was recorded. According to beekeeping expert Fernando Luis Esteban, until November the Argentine product was quoted at an average of 2,460 dollars per ton, a price that is below that registered in November 2023, when the value of honey was around 2,850 dollars on average. However, market projections estimate a compound annual growth rate (CAGR) of 4.2% for the period 2024-2032. But the price of honey is not the biggest problem that keeps beekeepers and the main honey exporting companies awake at night at the end of 2024. The biggest concern remains the anti-dumping sanctions ...