FYI they buy their honey via these guys....
http://taylorpasshoney.co.nz/
http://www.stuff.co.nz/business/smal...-honey-company
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FYI they buy their honey via these guys....
http://taylorpasshoney.co.nz/
http://www.stuff.co.nz/business/smal...-honey-company
Also....
"ONL believes that certain chemical markers in particular batches of Manuka Honey may increase overtime when stored for a 12-24 month period. This means that over the duration of the storage period the Manuka honey may increase in value and be able to be sold to the market as a higher grade of Manuka honey. To assist ONL in financing the purchase and storage of a large quantity of Manuka honey, ONL has borrowed funds from its bankers, and has entered into financial arrangements whereby third party investors will lend ONL money to purchase Manuka honey and additional interest may be payable in accordance with any value increase of the honey over the storage period. This minimises the cost of ONL acquiring and storing the honey for 12-24 month periods and aligns the costs with ONL’s product’s sale value."
This is now common knowledge and a commercially available solution...
http://www.analytica.co.nz/Tests/Hon...ast-MG-NPA-HMF
All the beekeepers know it too, hence honey barrels are now fully priced to max UMF at the time of sale. FYI Comvita (and a few other players) worked out this arbitrage a few years ago
Like a 12y old vs a 18y old single malt:)
Manuka 12mth is a fine drop
Why didnt they list on the nzx for more liquidity? Cant buy any online through ASB, only by phone.
FYI this https://www.mpi.govt.nz/food-safety/...oney-products/ has created a s**t storm in the industry. Be warned. Hopefully CVT is able to weather the storm...
Not living upto initial hype created, falling off the clip....
8% yield for Manuka bond...for those that have huge appetite of return in the current low interest market:D
https://www.nxt.co.nz/files/attachme...000-241142.pdf