Price Reactions After the Official Release of the NASS Honey Publication

摘要

This report examines the honey market which was not covered in NASSs earlier price reactions studies. The independent price data used in assessing the impact of the NASS publication release were obtained from the National Honey Report published by the Agricultural Marketing Service (AMS) of the USDA. The mean interval estimate determined from the sample of 65 measured price reactions with a confidence level of 95 percent is between -$0.03 and $0.01. The interval is short, includes zero, and is roughly symmetric about zero. A frequency distribution comparison (including a sample mean t-test) also supports this conclusion and suggests that the official release of the NASS Honey publication has no systematic effect on the honey market.