The given statement is true.

The flowers of many plants produce nectar to attract insects for pollination. Nectar is a sweet and fragrant secretion that collects at the bottom of a flower. 

Honeybees collect nectar from flowers and convert it into honey. Since nectar might not be available throughout the year, the bees collect nectar and store it in their hives to use it throughout the year. Honey is collected by scraping honey from the beehives for human consumption.