https://nypost.com/2021/11/26/canada-releases-50-million-pounds-from-maple-syrup-stockpile/
The Quebec Maple Syrup Producers is a government-sponsored cartel that controls some 70 percent of the world's maple syrup supply and is sometimes compared to the Organization of the Petroleum Exporting Countries' grip on oil. The consortium of more than 11,000 Canadian maple syrup producers said this week that a warmer- and shorter-than-expected spring led to a 24 percent year-over-drop in production of the pancake topping.
Amid surging demand for syrup as more people cook at home amid the pandemic, the cartel has been forced to tap a whopping 50 million pounds of syrup from its strategic reserve.
That's the most the group has released from the reserve in a single season since 2008 and amounts to about half of the entire stockpile.
Maple syrup producers weren't able to meet demand this year. "That's why the reserve is made, to never miss maple syrup. And we won't miss maple syrup!" she told NPR.
Export sales reportedly rose to 113.5 million pounds between January and September of 2021 up a whopping 21 percent from a year earlier, as people turned to the sugary topping to sweeten home-cooked meals during the pandemic.
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