Increase in mānuka honey

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New Zealand has seen a huge increase in the quantity of mānuka honey.

The excess of the liquid gold has come about through a boom in beekeeping along with a slowing international demand.

Over the past five years, the global desire for mānuka honey has increased. People want it for food and home-based honey remedies.

However, demand is slowing and there is currently a stockpile of 15,000-30,000 tonnes of honey. Typically, 11,000-13,000 tonnes would be sold in a year.

On top of the excess supply, the price of honey has also dropped.

Mānuka which would have sold for $65-$85 a kg in 2018 is now struggling to make $25/kg. Lower grade South Island mānuka that once fetched $36/kg is down to $20/kg.

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