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Last updated on April 16, 2014 at 1:21 EDT

Theft of Maple Syrup from Sales Agency

August 30, 2012

LONGUEUIL, QC, Aug. 30, 2012 /CNW Telbec/ – Following a routine
inventory check, the Federation of Quebec Maple Syrup Producers noted
as missing a large quantity of maple syrup held temporarily in the
St-Louis-de-Blandford warehouse. An investigation has been placed with
the Sureté du Québec (SQ) which immediately secured and began to
monitor the area.

In collaboration with the SQ as well as an external auditing firm, the
Federation is currently evaluating the scope of the situation.  The
empty barrels found on site suggest that their contents had been
emptied into other containers in view of illegal distribution. In
total, the burglarized warehouse held over 10 million pounds of maple
syrup amounting to over 30 million dollars in value.

“The Federation always acts with caution to protect producers’ harvests.
The St-Louis-de-Blandford warehouse had been secured by a fence and
locks, and visited regularly,” said Mr. Serge Beaulieu, the President
of the Federation of Quebec Maple Syrup Producers. “The sales agency`s
maple syrup inventory is spread across several storage locations which
were not subject to theft.”

Moreover, last March, the Federation acquired a factory in Laurierville
to fulfill its additional space requirements to store the agency`s
maple syrup inventory.  The preparatory work to outfit this warehouse
is currently underway. The Federation planned on moving the maple syrup
from its temporary storage in St-Louis-de-Blandford over the next few
weeks.

The centralization of maple syrup inventory in a controlled space is a
way of collectively managing the risks associated with the storage of
such a large value of product. The Federation wishes to underscore that
all maple syrup inventories in its charge are fully insured. The
marketing of the stolen maple syrup will affect the entire maple
industry. It is crucial to identify those responsible for this crime.

Quebec is responsible for between 70-80% of the world`s production of
maple syrup, and two-thirds of the Canadian production exported to the
United States. In addition, several American states saw a very low,
indeed catastrophic, harvest during the 2012 season. The Quebec
harvest, however, remained normal. The Federation`s maple syrup
inventories supply markets during periods of weaker harvests and can,
therefore, be considered a global strategic reserve.

The Federation represents some 10,000 maple syrup producers from within
Quebec, and is responsible for the administration of the bulk maple
syrup sales agency as well as the global strategic maple syrup reserve.

SOURCE FEDERATION OF QUEBEC MAPLE SYRUP PRODUCERS


Source: PR Newswire