Blossom appears to have settled at around £2.50-£2.70/lb currently and we're also buying heather in at £3.10/lb
All of these price rises (for whatever reason) have to be either directly or indirectly passed on to the consumer if you're a packer - which will lead to less people buying the product and opting for that nasty, overly-sweet imported rubbish - which, in turn, will lead to a fall in bulk prices again. You need buyers in volume to maintain buoyant prices and in a deflationary environment one needs to be careful.
Margins for packers are by no means what you might imagine when you have to take in to consideration: staff, marketing, events, fuel, legal/accounting/PR fees, the packaging itself et al. And on that note, don't think that selling in buckets should attract a premium as they're both fiddly and time-consuming.
We remain buyers of bulk at fair prices, but there comes a point when it makes sense to sit on your hands for a bit and see what unravels.
I say all of this, of course, as both a bee farmer and a fairly sizeable packer.