Just one week after President Biden tapped into oil reserves to help with a global shortage, a Canadian group has announced that it will dip into its emergency supply of maple syrup to try to keep up with global demand, according to multiple reports.
The Canadian leading trade group, Quebec Maple Syrup Producers, is releasing nearly 50 million pounds of its reserve, which is about half of the stockpile, according to CNN Business.
The trade group is backed by the Canadian government and is at times dubbed the “OPEC of Maple Syrup.” As of 2020, Quebec produced 73 percent of the world’s supply of maple syrup, CNN reports. By far, the largest buyer of the goods is the United States.
The reserve was created to prepare for situations, such as these, when there are poor harvest seasons or a spike in demand for maple syrup, reports CNN.
NPR reports that this year saw uncharacteristic warmth in a short spring, which gave maple syrup harvesters little to work with.
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Canada tapping reserve maple syrup supply amid shortage https://t.co/riLHqCzYCe pic.twitter.com/m3NY2H7YNc
— The Hill (@thehill) November 30, 2021
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