It’s been a good year for one of Canada’s most iconic exports. After a challenging year for maple syrup production in 2023, the industry seems to have come out of a sticky spot.
Canada had a record year of maple syrup production in 2024, new data from Statistics Canada revealed on Thursday. However, it may not be enough to lower prices.
“Usually, higher production in agricultural production leads to lower prices, but this is a specialized, processed product,” said Barry Prentice, an agricultural economist at the University of Manitoba.
“Given the large export market, and food inflation, I would say we are lucky just to see no price increase.”
A litre of Grade A maple syrup can range in price from $15-17 at grocery stores like Real Canadian Superstore and Walmart, to $25-28 directly from local producers.
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