Canada to Tap Maple Syrup Reserves to Combat Supply Crisis

If your short stack has been feeling a little dry lately due to a lack of (affordable) syrup — that’s all about to change … because Canada is tapping its stockpile of sweet nectar.

Quebec Maple Syrup Producers — a quasi-government-sanction agency accounting for over 70% of the world’s maple syrup production — just announced they’re going to start draining upwards of 50 million pounds of syrup from barrels they have in their strategic reserve.

Yes, strategic reserve … just like the ones we’re about to tap to help lower gas prices here in the States. Apparently, Canada has a sea of this condiment at the ready for emergencies.

Welp, that emergency is here … as the global economy deals with a supply crisis — due, in part, to the pandemic among other factors — QMSP says it’s time to dip into what they have on hand to make sure countries around the world, especially its #1 customer in the U.S., can keep on drizzling their waffles and pancakes with ease and within reasonable price ranges.

Word is … this harvest season made for a bad batch of syrup, meaning not nearly enough was produced due to a warmer/shorter spring season … the ideal conditions for which are needed to see a solid yield. Add in the fact more people are cooking from home right now — and you have a lopsided supply/demand equation … hence them going to the reserves.

This will be the most syrup they’ve tapped since 2008. A rep for the org says, “The reserve is there to make sure that we are always able to sell and offer this product.”

In anticipation for next year … a reported 7 million additional syrup taps have been OK’d.