Canada Taps Strategic Stockpile Of Maple Syrup Amid Shortage | The Daily Wire.
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Facing maple syrup shortages, Canada taps its strategic reserves | CNN Business.
Thanks for contacting us. We've received your submission. The Biden administration is trying to reign in gas prices by releasing oil from the US strategic reserve — but a different sticky supply situation north of the border has spurred Canadians to tap their emergency stockpile of maple syrup amid a major shortage of the sweet stuff.
The consortium of more than 11, Canadian maple syrup producers said this week that a warmer- and shorter-than-expected spring led to a 24 percent year-over-drop in production of the pancake topping. Amid surging demand for syrup as more people cook at home amid the pandemic, the cartel has been forced to tap a whopping 50 million pounds of syrup from its strategic reserve.
Helene Normandin, spokeswoman for the group, which sets bulk syrup prices, caps production and controls the stockpile, said the group will authorize more production of syrup next season in order to make up for the shortfall this year. Export sales reportedly rose to The short and warm spring season hit maple syrup production particularly hard because tree sap is only able to be harvested during a small window when the temperature alternates between freezing and thawing.
This year marks the first time in three years, though, that the group has to tap its reserve. The syrup was quietly syphoned off from the reserve over the course of months. November 26, pm Updated November 26, pm. The Quebec Maple Syrup Producers are releasing 50 million pounds of maple syrup from its strategic reserves. Universal Images Group via Getty. Demand for maple syrup surged since the start of the pandemic. Xinhua News Agency via Getty Ima The short and warm spring season hit maple syrup production particularly hard because tree sap is only able to be harvested during a small window when the temperature alternates between freezing and thawing.
In thieves stole over 3, tons of Maple Syrup that was worth millions of dollars.
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