Producers and buyers agree on terms and conditions
The Federation of Quebec Maple Syrup Producers (the Federation), representing maple syrup producers, and Conseil de l’industrie de l’érable (CIE), representing maple syrup buyers, are pleased to announce the signing of an agreement outlining the conditions for the sale and marketing of bulk maple syrup for the 2017–2018 marketing seasons. It took multiple rounds of negotiations to nail down the terms of the agreement. Régie des marchés agricoles et alimentaires du Québec (RMAAQ) will not have to arbitrate the 2017 agreement—good news for the industry as a whole. The parties have submitted the agreement for approval by RMAAQ.
Maple syrup prices remain the same under the final agreement. However classification will now be based on four grades instead of the previous five (AA, A, B, C, D) to align with new federal and provincial classifications. If approved by RMAAQ, 2017 prices will be as follows: Golden $2.95, Amber $2.94, Dark $2.85, and Very Dark $2.55.
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/pound to $0.18/pound.
For more information, read the press release.