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Update news honey exports
The US has announced the preliminary conclusion of its anti-dumping duty review on Vietnamese honey, with a significant reduction in the duty rate compared to the previous period.
Facing fierce challenges in the international markets, Vietnamese honey has been looking at the domestic market, according to industry insiders and experts.
Though the US buys large amounts of honey, Vietnam still exports moderate amounts to the market. With anti-dumping duties of 58.74-61.27 percent, Vietnam’s honey products are uncompetitive with India’s.
While more than 85 per cent of the local honey exports go to the US, Vietnam is at risk of losing the market due to the possible highest tax ever in an anti-dumping case.