Canada’s ‘OPEC of maple syrup’ faucets into strategic reserves amid world scarcity


Vacation baking can be dearer this yr as inflation, shortages trigger prices to rise

People ought to count on greater costs on the grocery retailer this vacation season. Inflation, provide chain points and employee shortages are driving up grocery payments throughout the nation.

Canada’s “OPEC of maple syrup” introduced it’s releasing roughly half its strategic reserves – to the tune of fifty million kilos of maple syrup – on account of a worldwide scarcity of the standard waffle and pancake topping.

pancakes maple syrup

Closeup of younger girl at cafe desk pouring heat maple syrup on pancakes (iStock / iStock)


The Quebec Maple Syrup Producers comprised of some 11,000 Canadian maple syrup producers controls roughly 70% of the world’s maple syrup provide, and its stranglehold in the marketplace has been “in comparison with the Group of the Petroleum Nations’ grip on oil” in accordance with The New York Put up.

However the group says they’ve been hit with a surge in demand on account of extra of us cooking at dwelling amid the pandemic, coupled with a 24% year-over-year drop in manufacturing on account of hotter temperatures throughout spring together with a shorter season.

maple syrup

A tube system runs out of a tapped maple tree within the Wagler Maple Merchandise sugarbush in Wessesley, Ontario, Canada (Photographer: James McDonald/Bloomberg by way of Getty Photographs) (James McDonald/Bloomberg by way of Getty Photographs)

Not solely will the Quebec Maple Syrup Producers launch its reserves, however they plan to authorize extra manufacturing subsequent season to make up for this yr’s drop. In response to NPR, the group will faucet an additional 7 million timber in an effort to get again to typical manufacturing ranges and to replenish their reserves.

maple syrup

MONTREAL, QC – MARCH 18: Members of Staff Canada drink maple syrup after ending third within the males’s 5000 meter relay Last in the course of the World Brief Monitor Pace Skating Championships at Maurice Richard Area on March 18, 2018 in Montreal, Quebec, Canad (Picture by Minas Panagiotakis – Worldwide Skating Union/Worldwide Skating Union by way of Getty Photographs / Getty Photographs)

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“That is why the reserve is made, to by no means miss maple syrup,” Quebec Maple Syrup Producers’ communications director Helene Normandin advised the outlet. “And we can’t miss maple syrup!”

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