Does Canada actually have a maple syrup reserve?

Canada’s Global Strategic Maple Syrup Reserve is built up by Quebec’s maple producers, who are required to donate a portion of their product to the reserve every year. Last year, the warehouse was stocked with 80,000 barrels of the sticky stuff, and its estimated worth was upwards of $130 million.

Where is the Canadian maple syrup reserve?

WINNIPEG, Manitoba, Dec 7 (Reuters) – Maple syrup producers in the Canadian province of Quebec are releasing more than half of the world’s only strategic reserve of the sweet topping to keep up with soaring demand – avoiding a sticky situation for pancake lovers.

How much maple syrup does Canada have in its reserves?

What is the strategic reserve? Quebec’s maple syrup industry is subject to a supply-management system, meaning it employs a quota system run by the QMSP which dictates market volume. The QMSP also controls the Global Strategic Maple Syrup Reserve, which can hold more than 45 million kilograms of maple syrup.

How much was the maple syrup heist worth?

The Supreme Court of Canada upheld a $9 million fine for the ringleader of a 2012 heist of more than $18 million in maple syrup. Richard Vallières had been found guilty in 2017 of theft, trafficking and fraud for stealing $18 million worth of maple syrup, Canadian network CTV News reported at the time.

Why is there a maple syrup shortage 2021?

For the trees to provide syrup, the weather needs to be just above freezing during the day, and below freezing at night. Production of maple syrup in 2021 dropped by about 42 million pounds from last year’s record high of 175 million pounds, according to the QMSP.

Why does Canada have a maple syrup shortage?

In Canada, the country’s liquid gold – maple syrup – is running low. The Quebec Maple Syrup Producers (QMSP) – the so-called Opec of maple syrup – has released about 22m kg from its emergency larder, nearly half the total in reserve. Booming demand and a shortened harvest had caused the shortfall, QMSP said.

Who stole Canadas maple syrup?

Vallières
Vallières was found guilty in 2016 of stealing 9,500 barrels worth of syrup from a warehouse in Saint-Louis-de-Blandford, Quebec, that belonged to the Federation of Quebec Maple Syrup Producers (FPAQ), which tightly regulates production and sales of the region’s maple syrup.

How much of Canada’s economy is maple syrup?

In 2020, Canadian producers exported over 61 million kg of maple products, with a value of $515 million. The province of Quebec is by far the largest producer, representing 96.4 per cent of Canadian product exports. Maple syrup and maple sugar products are made by boiling down the sap of maple trees.

Where is most of the world’s maple syrup produced?

Canada
Canada produces 85 percent of the world’s maple syrup. With for- ests brimming with majestic red, black and sugar maples, the country has just the right mix of cold spring nights and warm daytime temperatures to produce an abundance of the clear-coloured sap used to make maple syrup.

What is the shelf life of real maple syrup?

Before opening, all maple syrup can be stored in the pantry about a year. After opening, genuine maple syrup should be stored in the refrigerator and will last about a year. Opened jugs of imitation maple syrup can be stored in the pantry for about a year.

Who controls maple syrup in Canada?

The Federation of Quebec Maple Syrup Producers
The Federation of Quebec Maple Syrup Producers (French: Fédération des producteurs acéricoles du Québec, FPAQ) is a government-sanctioned private organization that regulates the production and marketing of maple syrup in Quebec. As of 2011, the FPAQ produced 94% of Canadian maple syrup and 77% of the world’s supply.

Who is the largest maple syrup producer in the world?

Quebec
Quebec is the world’s largest producer of maple syrup, accounting for more than 70% of global output.