The maple syrup cartel will release 50% of its reserves in the event of a shortage – .

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The maple syrup cartel will release 50% of its reserves in the event of a shortage – .


Image of article titled Canada's maple syrup cartel to free up 50% of its sugar reserves in case of shortage

photo: Elise Amendola (PA)

The Government of Canada sanctioned maple syrup cartel has a message to the world: Fear not, there will be syrup.

The country Quebec maple syrup producers, also commonly referred to as “maple syrup OPEC,” announced in recent days that it would release nearly 50 million pounds (22.6 million kilograms) of syrup from its strategic reserve following a drop in production forecast for the year and increased demand abroad for its sweet gold, Bloomberg News reported. The 50 million pounds of syrup that the group drains represent about half of its stocks.

Helen Normandin, spokesperson for the Quebec Maple Syrup Producers, which sets wholesale prices, recount growers how much they can harvest and keep any unsold syrup for the reserve – told the outlet that production was down 24% this year. The group produces more than 70% of the world’s maple syrup.

“We need to produce more maple syrup,” Normandin said last week. “The reserve is there to make sure that we are still able to sell and offer this product. “

It’s the biggest amount of syrup that the maple cartel has released since 2008 and 2009, years when the group was forced to completely empty his reserve.

This year’s production has been affected by a warmer and shorter spring harvest season as well as booming demand overseas, the group told Bloomberg. The production of maple syrup is delicate and highly dependent on the weather. Trees must be of a certain age, usually between 30 and 40 years old, before they can be tapped for syrup. They also need freezing nights and hot days to produce syrup, as sap only flows under these conditions. The harvest season usually runs from late February to late April, but has been cut short this year due to unusually hot weather.

On the demand side, export sales increased by 21% between January and September, which translates to 113.5 million pounds (51,4 million kilograms) of maple syrup. This has been fueled by the pandemic, the maple cartel maintains, as more people cook at home and use local produce.

However, weather and demand aren’t the only things maple syrup producers need to worry about. The Washington Post reports this climate change and logging are also a threat and could impact the supply of healthy trees, which gives you one more reason worry about the fate of the planet and take action where you can.

This year, the maple syrup cartel will guarantee you have your sweet pancake filling. However, even the cartel will have its hands tied if we do not tackle climate change. What reserves will he draw if there is less trees? Even if the trees are not a problem, the quality of what they produce is always at stake. beer against climate change tastes (spoiler: gross).

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