The global maple syrup shortage is forcing Quebec to release half of its strategic reserve


MONTREAL – Rising international demand for maple syrup and a drop in production last year created a global shortage – but Quebec’s strategic reserve is ready to hold the line.

MONTREAL – Rising international demand for maple syrup and a drop in production last year created a global shortage – but Quebec’s strategic reserve is ready to hold the line.

The organization of Quebec maple syrup producers will put on the market 50 million pounds of maple syrup Рworth about $ 150 million Рby February, said Monday in an interview H̩l̬ne Normandin, the door- word of the group. The stash can hold up to 100 million pounds of maple syrup, she added.

“If we didn’t have a reserve, we would be in trouble,” said Normandin, of the Quebec Maple Syrup Producers. “But the reserve is exactly for that.”

Demand for maple syrup this year exceeds supply, she explained.

Canadian maple syrup exports – most of which come from Quebec – have increased 21% since January 2020, Normandin said, adding that last year’s warm winter resulted in the production of about 133 million pounds of syrup, down 40 million pounds from the previous year. year.

“We are working with Mother Nature,” Normandin said. “We know it’s normal that not all years of production are the same.”

She said one of the main reasons demand has increased is because the United States does not have its own supply of syrup. “They’ve sold all of their maple syrup produced in 2021, so they’re digging even deeper into our supply,” she said.

Normandin said people shouldn’t worry because his organization created the strategic reserve specifically to deal with shortages.

“The reserve was set up by producers in 2000 to deal with situations of high demand or low production,” Normandin said. “And this year, it won’t just be the annual production that meets the needs, but the fact that we have that reserve.”

Quebec produces nearly three quarters of the world’s maple syrup supply and exports the product to more than 60 countries. Normandin said to avoid future shortages, an additional seven million trees over the next three years will be added to the 50 million that are tapped each year in the province.

“Maybe we’ll add some more (trees) – there’s still room if everyone starts consuming maple syrup in the world!” ”

This report by The Canadian Press was first published on November 29, 2021.

Virginie Ann, The Canadian Press



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