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To avert disaster, Canada taps strategic maple syrup reserve

2021-11-29 00:00:00

Canada is evidently having a maple syrup shortage. Luckily, they planned ahead.

CNN:

Amid shortages, Canada is tapping into its strategic reserves. This time, for maple syrup.

The Quebec Maple Syrup Producers, a leading trade group, said it is releasing roughly 50 million pounds from its strategic maple syrup reserves, almost half of the stockpile, Bloomberg first reported.



The government-supported organization, which is often called the OPEC of maple syrup, uses its reserves to control syrup prices and supply. As of 2020, Quebec produced 73% of all maple syrup in the world, and its biggest customer by far is the United States, which accounts for around 60% of Canada's export volume.
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