Wednesday, January 4, 2017

No change in maple syrup prices

Quebec’s producers and buyers have agreed on a deal that will hold maple syrup prices steady for the upcoming harvest.

The main change in the agreement is adoption of the federal government’s new grading standards which have also been adopted by Quebec and Ontario.

The Federation of Quebec Maple Syrup Producers representing maple syrup producers and Conseil de l'industrie de l'√©rable (CIE), representing maple syrup buyers, both expressed satisfaction with the deal.

The last time they failed to agree was 2012 when the issues were settled via arbitration.

Subject to approval from the province’s body that supervises marketing boards, this year’s harvest prices will be Golden $2.95, Amber $2.94, Dark $2.85, and Very Dark $2.55 per litre.

The price of syrups classified as Canada Processing Grade will remain $1.80.

The premium for certified organic maple syrup has increased from $0.175 per pound to $0.18 per pound.