In the article by Mark Sappenfield he discusses how changes in technology and innovation has led to more efficient and higher production in the maple syrup making process. A recent hedge fund started a sugaring operation with taps over 200,000 trees. Just over a decade ago it was thought that having 28,000 taps delusional by local farmers. The interesting thing about this industry is the cartel that has formed in the market. The Quebec cartel forces Quebec producers to produce less in order to keep prices stable and at higher prices. It is a very interesting article and I would have never believed that a cartel existed in the maple syrup industry.
https://www.csmonitor.com/Commentary/upfront-blog/2018/0422/Where-maple-syrup-meets-global-economics
1 comment:
This is really interesting and will probably be under-reported as people do not see maple syrup on the same level as oil. None the less, still odd to think someone cornered the market in maple syrup, and I wonder how long until the Canadian government steps in.
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