Quick Links

Why does Canada have a maple syrup cartel?

News

Published: 10 Jan 2013

It may seem bizarre that Canada has a maple syrup cartel at all. But think of it this way: Quebec, which produces about 77% of the world’s maple syrup, is the Saudi Arabia of the sweet, sticky stuff, and the FPAQ is its OPEC. The stated goal of the cartel, in this case, is keeping prices relatively stable. The problem with maple syrup is that the natural supply of it varies dramatically from year to year. “It’s highly dependent on the weather,” explains Pascal Theriault, an agricultural economist at the McGill University in Montreal.

Read more at Time Magazine

Category:
Source Site: /newsroom
Classified as: