Since 2002, the FPAQ has maintained a strategic reserve.
Despite the introduction of quotas, maple syrup harvests can vary up to 100% from one year to the next.
Role of the world strategic maple syrup reserve
The role of the strategic maple syrup reserve is to prevent yearly fluctuations in production from causing prices to spike or drop significantly.
During the abundant harvest of 2013 and 2014, for example, the FPAQ increased reserves in its two warehouses to 72 million pounds, representing approximately 50% of annual world consumption. However, from 2003 to 2007, after four relatively poor harvests, reserves went from 60 million pounds to nothing!
The strategic reserve kept recently developed markets supplied during those years.