Maple syrup cartel releases 50% of reserves amid shortage

Photo of the article titled Canadian Maple Syrup Cartel Will Release 50% Of Its Sugar Reserves Amid Shortage

Photo: Elise Amendola (AP)

The Canadian government-sanctioned maple syrup cartel has a message for the world: Never fear, there will be syrup.

Country Maple syrup producers in Quebec, also referred to as “OPEC Maple Syrup”, announced in recent days that it would release nearly 50 million pounds (22.6 million kilograms) of its strategic reserves in the wake of this year’s projected production shortfall and increased demand abroad for its sugar gold, Bloomberg News reported. The 50 million pounds of drink the group drains represents about half of its stockpile.

Helen Normandin, spokesperson for Quebec Maple Syrup producers – who sets wholesale prices, Tells Producers how much they can harvest, and keeping any unsold syrup in reserve — the outlet told that production is 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 in place to ensure that we are always able to sell and display this product.”

This is the biggest The amount of syrup the Maple Cartel has released since 2008 and 2009, the two years the group was forced to completely empty reserve it.

The group told Bloomberg that production this year was affected by a warmer and shorter spring harvest, as well as booming demand abroad. Maple syrup production is challenging and highly dependent on the weather. The trees must be of a certain age, usually 30 or 40 years, before they can be tapped for syrup. They also need freezing nights and warm days to produce syrup, as the sap only flows in these conditions. The harvest season usually runs from late February to the end of April, but this year it has been cut short due to unusually warm weather.

In terms of demand, export sales increased by 21% between January and September, which translates to EGP 113.5 million (51.4 million kilograms) of maple syrup. This was due to the epidemic, the Maple Cartel asserts, as more people were cooking at home and using local produce.

Weather and demand aren’t the only things maple syrup producers have to worry about. Washington Post reports who – which Climate change and logging are also a threat and can affect the provision of healthy trees, giving you all the more reason To care about the fate of the planet And take action where you can.

This year, the maple syrup cartel is sure to get you the sugary pancake toppings. However, even The cartel’s hands will be tied if we don’t act on climate change. What reserves will benefit if there are less the trees? Even if trees are not a problem, the quality of what they produce remains. Let’s not forget what Climate change beer taste like (spoiler: gross).

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