The government-backed organization, which is often referred to as the maple syrup OPEC, uses its reserves to control the prices and supply of syrup. In 2020, Quebec produced 73% of all maple syrup in the world, and its biggest customer by far is the United States, which represents about 60% of Canada’s export volume.
QMSP did not immediately respond to CNN Business’s requests for comment. “The pandemic has helped in our case because we are seeing people cooking more at home and using more local products,” group spokeswoman Hélène Normandin said in an interview with Bloomberg. It is not just in Quebec that demand is increasing.
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