A couple of questions

Is there a black market for maple syrup?

Yes you read that right. There is a maple syrup black market in Canada. … The Federation of Quebec Maple Syrup Producers controls about 75% of the maple syrup enjoyed by the world. This Federation has somehow become the head of Maple Syrup production and tells the rest of the country how much to make and to sell.

Is there a maple syrup cartel?

The Quebec Maple Syrup Producers, known as the maple syrup "cartel" because they control such a large share of the market, is draining 50 million pounds of the sweet liquid gold from its reserve, about half of the entire strategic stockpile, Bloomberg reported.

Who buys the most maple syrup?

Top importers of Maple sugar & maple syrup in 2020

  • USA — 48% of the world imports ($226 million)
  • Germany — 7% ($32 million)
  • United Kingdom — 6.04% ($28 million)
  • Japan — 4.61% ($21 million)
  • Australia — 4.38% ($20 million)

Nov 24, 2021

How much does maple syrup sell for?

Prices. The average U.S. price per gallon for maple syrup in 2019 was $31, down $2.80 from 2018. The average price per gallon in Vermont was $28. In contrast, in 2018 the average price per gallon in Connecticut was $76.00, and 49 percent of the sales were retail.

How much is a barrel of maple syrup worth?

The reserve is operated as a government-sanctioned cartel to control global maple syrup prices and supply, and has been called "the OPEC of the maple syrup world" by The Economist. A barrel is worth about $1,200 or $2.88 per pound which is 10-18 times the value of U.S. crude oil.

Does Canada stockpile maple syrup?

For some, the headlines may have been an eye-opener that Canada even has a stockpile of maple syrup. CBC Explains the purpose of this reserve, why it had to be tapped into, and explores whether there was ever a shortage of maple syrup.

Who controls the maple syrup industry?

Canadian syrup cartel The Canadian syrup cartel controls more than 70% of the maple syrup supply worldwide. US maple syrup production, while a much smaller share of the market, is also down this year.

How much of Canada’s maple syrup is exported?

Canada is the world's largest exporter of maple products in terms of value and volume, with exports valued at $515 million in 2020, up 19.8% from 2019. In terms of value, Quebec accounted for 96.4% of Canadian maple product exports in 2020.