Quote Originally Posted by Balance View Post
Comvita's reason for drop in profits from poor harvests - simply does not stack up.

Here's proof from a badly affected player - summing up what anyone in the manuka honey industry has known for the last 2 years - increased competition with corresponding drop in margins from many new players to obtain the unsustainably huge margins available a few years ago.

https://www.nxt.co.nz/companies/ONL/...cements/318773

Excerpt : "However pricing for Manuka Honey then dropped sharply in China. Margins evaporated and it became apparent that there was an over-supply of Manuka Honey in China with suppliers aggressively discounting their product. While the market has now recovered, margins are still significantly less than they were two years ago".
What's this? Some ant coming up with excuses as to why their stuff isn't selling

The market was saturated with fakes.