The world’s biggest producer of maple syrup has nearly exhausted its strategic reserves

The Quebec Maple Syrup Producers, which oversees the strategic syrup reserve, predicted the stockpile will be completely empty by February. While new supplies will continue to be produced, the reserve will not be able to help ease any wobbles in output, which depends heavily on the weather and can be volatile. The strategic reserve consists of three warehouses in Quebec that can hold about 218,000 barrels. Canadian maple syrup has seen demand increase in recent years as producers have diversified to more market beyond the U.S. About 65% of Canada’s syrup exports go to its southern neighbor, down from 80%…