Once good for 218,000 barrels, now nearly empty: what is happening with Canada's emergency maple syrup supply?
Quebec, the world's largest maple syrup producer, faces a critical shortage of its emergency stock, which has dwindled from 218,000 barrels to nearly empty. This situation is exacerbated by increased demand from the U.S. due to tariffs imposed during Trump's trade war, leading to panic buying. Canada, which produces 75% of the world's maple syrup, relies heavily on this stock to manage poor harvests. The emergency reserve, initially designed for bad years, is now being depleted rapidly, with the last of it expected to be sold by the end of February. The industry hopes for favorable weather conditions to replenish stocks, but demand is outpacing production growth.