Two major honey producers have been stung by a soft market. King Honey and its parent company are liquidation, while Settlers Honey of Whanganui has gone into receivership. Taupo-based King Honey that packs manuka owes $7.7 million to the bank and an additional $5.6 million to secured creditors but will continue to trade. Apiculture New Zealand chief executive Karin Kos spoke to Lisa Owen.