Why do some people call the Federation of Quebec Maple Syrup Producers a monopoly?
When someone calls the Federation of Quebec Maple Syrup Producers a monopoly, it’s most likely due to ignorance of the laws and regulations governing the marketing of agricultural products in Quebec. While it is true that the Federation’s sales agency is the only representative of maple syrup producers in Quebec, this is a result of a unanimous vote by their delegates. Furthermore, the Federation must reach an agreement with the buyers association with regard to sales regulations, including prices, and the entire process is overseen by the agricultural marketing board (RMAAQ).
Why do we have a global strategic maple syrup reserve?
The purpose of the maple syrup reserve is to adjust the global supply of maple syrup in response to global consumer demand. During consecutive abundant harvests, maple syrup is stored to avoid flooding the market. And during poor harvests, the global strategic maple syrup reserve makes it possible to meet demand should it exceed supply for that year.