The world’s biggest producer of maple syrup has nearly exhausted its strategic reserves after Americans hoarded supplies ahead of Trump’s tariffs
Source: Fortune ·
The Quebec Maple Syrup Producers, which oversees the strategic syrup reserve, predicted the stockpile will be completely empty by February.
From the source
Canada is the world’s top producer of maple syrup, and the vast majority of it comes from Quebec, but the province is nearly tapped out of reserves. The Quebec Maple Syrup Producers, which oversees the strategic syrup reserve, predicted the stockpile will be completely empty by February. While new supplies will continue to be produced, the reserve will not be able to help ease any wobbles in output, which depends heavily on the weather and can be volatile. The strategic reserve consists of three warehouses in Quebec that can hold about 218,000 barrels. Canadian maple syrup has seen demand increase in recent years as producers have diversified to more market beyond the U.S. About 65% of Canada’s syrup exports go to its southern neighbor, down from 80% two decades ago. But last year saw an especially big spike in demand after President Donald Trump launched his global trade war. To get ahead of anticipated tariffs, Americans rushed to buy up Canadian syrup supplies. As a result, total…