Fear not, pancake lovers: OPEC of maple syrup taps sticky reserve

  

Category:  Wine & Food

Via:  hallux  •  2 weeks ago  •  13 comments

By:   Jen Skerritt - Bloomberg

Fear not, pancake lovers: OPEC of maple syrup taps sticky reserve
Quebec Maple Syrup Producers said it’s draining nearly 50 million pounds (22 million kg) of syrup from barrels in its strategic reserve.

S E E D E D   C O N T E N T



Fear not, pancake lovers. The OPEC of maple syrup plans to dip into its sticky stockpile to cover a shortfall of the breakfast staple.

The organization, Quebec Maple Syrup Producers, said it is draining nearly 50 million pounds of syrup from barrels in its strategic reserve, about half its stockpile and the most since 2008. The amount being released is equal to more than a third of this year’s harvest in the French-speaking Canadian province, the world’s top supplier. Output plunged 24% this year following a warmer and shorter spring harvest as overseas demand soared, according to the group.

“We need to produce more maple syrup,” spokeswoman Helene Normandin said in a phone interview. “The reserve is there to make sure that we are always able to sell and offer this product.”

Quebec accounts for more than 70% of world maple syrup production and its supply is governed by a kind of government-sanctioned cartel. Quebec Maple Syrup Producers sets bulk prices, caps production and sends unsold output to a warehouse in Laurierville, Quebec, allowing the agency a level of market control rivaling the grip the Organization of the Petroleum Exporting Countries has on oil markets.

“The pandemic helped in our case because we’re seeing people cook more at home and use more local products,’’ Normandin said. “It’s not just in Quebec the demand is increasing.’’

Export sales rose to 113.5 million pounds between January and September, a 21% jump from a year earlier. Next year, the group plans to allow Quebec producers to add 7 million syrup taps in response to the rising demand.

The time frame for maple syrup production is short and the “sugaring season” typically occurs between late February and end of April as tree sap is only able to flow when the daytime temperatures alternate between freezing and thawing. Warm temperatures across Quebec cut the harvest season short this year.

The production woes come even after the agency moved to increase the number of tree taps to quell black market sales and maintain market share. Quebec farmers have expressed frustration with production limits in recent years as American producers seek to boost their ouput. U.S. maple syrup production fell 17% this year to 3.42 million gallons while the number of taps rose 2% from a year earlier, according to the U.S. Department of Agriculture.

The reserve, which was the scene of a notorious heist uncovered in 2012, hasn’t been tapped in three years thanks to back-to-back bumper harvests.


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Hallux
Sophomore Principal
1  seeder  Hallux    2 weeks ago

Quebec is also the 'OPEC' of pork, there are more cochons up here than peuple de chez nous.

 
 
 
Kavika
Professor Principal
2  Kavika     2 weeks ago

The sale of maple syrup is booming for the Ojibwe bands in MN who have been harvesting the syrup for centuries. 

Adaawe anishinaabe-zhiiwaagamizigan.

Maple_Syrup.jpg

On a side note, we the Anishinaabe Nation have taken over pipeline 5 and are reversing not only the flow but the product.  Anishinaabe-zhiiwaagamizigan will be flowing north to the great north, compliments of Great Anishinaabe nation of MN. 

 
 
 
Ender
Professor Principal
2.1  Ender  replied to  Kavika @2    2 weeks ago

I would buy that but I have never seen it before.

 
 
 
Kavika
Professor Principal
2.1.1  Kavika   replied to  Ender @2.1    2 weeks ago

Here is a link to Red Lake foods, all natural and all harvested on the Red Lake Nation. (disclosure I am an enrolled member of the Red Lake Nation)

 
 
 
Ender
Professor Principal
3  Ender    2 weeks ago

The maple syrup cartel...Haha

 
 
 
Kavika
Professor Principal
3.1  Kavika   replied to  Ender @3    2 weeks ago

We have to break up the maple syrup cartel in our national interest. jrSmiley_4_smiley_image.png

Buy Anishinaabe maple syrup, oh wait we live on both sides of the border so you're actually buying Ojibwe/US/Canadian maple syrup. 

 
 
 
Hallux
Sophomore Principal
3.1.1  seeder  Hallux  replied to  Kavika @3.1    2 weeks ago

Great Canadian Maple Syrup Heist

 
 
 
Kavika
Professor Principal
3.1.2  Kavika   replied to  Hallux @3.1.1    2 weeks ago

LOL, good thing that they recovered a great deal of the syrup and sending the crooks to prison for ''Grand Theft Maple Syrup'' added sentence for a hate crime as well.

mzqCF8f.jpg

 
 
 
Hallux
Sophomore Principal
3.2  seeder  Hallux  replied to  Ender @3    2 weeks ago

 
 
 
Kavika
Professor Principal
3.2.1  Kavika   replied to  Hallux @3.2    2 weeks ago

LOL, hilarious.

 
 
 
Kavika
Professor Principal
4  Kavika     2 weeks ago

Back in the day there was the ''Pig War'' between countries, could this be leading to the ''Great Syrup War''?

 
 
 
Hallux
Sophomore Principal
4.1  seeder  Hallux  replied to  Kavika @4    2 weeks ago

The Pearl Milling Company formerly known as Aunt Jemima will watch from the bleachers.

 
 
 
Sparty On
PhD Principal
5  Sparty On    2 weeks ago

Like many in northern Michigan I have my own cartel in the back 40.

We collect and process several gallons of the stuff each year for family and friends.    The rest is donated to food pantries and shelters.

 
 
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