I notice that it says "Product of India"--which to me suggests honey 'laundered' from China. Pitiful.
If you go to Global Brands LLC's website they say, "Global Brands, a Dollar Only Wholesale company, is committed to creating and supplying extreme value food products for $1.00 retail with a firm commitment to quality and customer service. " I guess that's what you get for a buck.
I have actually seen something labeled "Honey Syrup" on the grocery shelf, which contained corn syrup and honey. At least they were honest enough to label it as such.