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The Largest Food Fraud in US History?

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NOW THIS IS HAPPENING
DailyFeed
Reporters are calling it the largest food fraud in US history. But it has nothing to do with beef, chicken, grains, or any of the usual suspects. The issue? Honey.

The Globe and Mail reports:

What consumers don’t know is that honey doesn’t usually come straight – or pure – from the hive. Giant steel drums of honey bound for grocery store shelves and the food processors that crank out your cereal are in constant flow through the global market. Most honey comes from China, where beekeepers are notorious for keeping their bees healthy with antibiotics banned in North America because they seep into honey and contaminate it; packers there learn to mask the acrid notes of poor quality product by mixing in sugar or corn-based syrups to fake good taste.

Rarely will a jar of honey say “Made in China.” Instead, Chinese honey sold in North America is more likely to be stamped as Indonesian, Malaysian or Taiwanese, due to a growing multimillion dollar laundering system designed to keep the endless supply of cheap and often contaminated Chinese honey moving into the U.S., where tariffs have been implemented to staunch the flow and protect its own struggling industry.

Good thing there’s a growing interest beekeeping on the East coast. New York City recently made it legal for residents to keep bees on their roofs. And even rockstar economist Gary Shilling finds time in his busy schedule to keep bees.

In case you missed it, he sat down with MV’s very own Josh Lipton to talk all about it.

POSITION:  No positions in stocks mentioned.
TAGS:  AGRICULTURE, CRIME, HONEY, BEES    SOURCE:   The Globe and Mail

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