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Millions of dollars in maple syrup stolen
Talk about sticky-fingered thieves. They've struck in Quebec, snatching millions of dollars worth of maple syrup from a warehouse in Saint-Louis-de-Blandford, between Montreal and Quebec City.
Up to 10 million pounds of syrup was in the warehouse, according to a statement from the Federation of Quebec Maple Syrup Producers, which bills itself as keeper of the global strategic maple syrup reserve.
Officials could not say exactly how much of the product was stolen, but a Quebec police official told The Globe and Mail it was a substantial quantity.
“We know that it’s millions of dollars that was stolen,” Sgt. Richard Gagné is quoted as saying. “It’s a very large amount.”
The 10 million pounds of syrup that was in the warehouse is worth more than $30 million, according to the federation statement.
The theft was discovered during a routine inventory check of the warehouse, which "had been secured by a fence and locks, and visited regularly," federation president Serge Beaulieu said in the statement.
The barrels that originally contained the syrup were empty, meaning it was somehow transferred to some other kind of containers to complete the theft, the federation said.
The warehouse where the theft occurred was being used to temporarily store the sweet stuff while a new facility was being prepared.
As much as 80% of the world's maple syrup comes from Quebec, the federation said.
Though the federation is insured for the loss, if the stolen syrup makes its way onto the market, it could hurt the group's 10,000 members.
"The marketing of the stolen maple syrup will affect the entire maple industry. It is crucial to identify those responsible for this crime," the statement said.
“Obviously those people stole the maple syrup to sell it somewhere,” federation director Anne-Marie Granger Godbout told The Globe and Mail. “If it’s a big volume, it could be very harmful for the maple syrup industry. The companies that are working in this industry will have to compete with some company that didn’t pay for the maple syrup.”
The federation said the theft shouldn't affect supplies available to the public.
"The sales agency's maple syrup inventory is spread across several storage locations which were not subject to theft," Beaulieu said in the statement.
The amount in the warehouse represents about one-10th of Quebec's 2012 harvest and more than 25% of the federation's stock, CNN affiliate CBC reported.
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Where the hell does someone hide 10 millions pounds of maple syrup? And how does someone make off with that much syrup and NOBODY notices?
Most likely, a tracking / accounting error. It would take too long to transfer 10 million lbs of syrup into something to make off with it by any reasonable transport means. The screw-up is most probably counting barrels and not checking that there was anything in them, then somebody realized they were empty (and had been for some time).
The biggest laugh of the day though is the existence of a "global strategic maple syrup reserve".
Don`t laugh! We in Kenya put it up there with Strategic Chocolate Reserves
Yes, I thought that concept was a bit funny, too.
how does one sell maple syrup on the black market?
What is "strategic" about maple syrup?
Maple syrup is a critical commodity. It can be used to cure the humor-impaired.
Are you joking? He who owns the thing, controls the thing. Quebec produces 75% of the World`s supply. Vitally important part of Maple flavoured doughnuts. Can you imagine the suffering the lack of Maple Syrup will cause in North American Police Forces?
Well I personally try to pour the syrup in the middle of the pancakes for a more uniform spread. That's my strategy.
Wow. Welcome to the first day of a most basic, rudimentary financial education. Next you'll be asking what is so important about pork bellies. Or corn. Or gold. Or oil.
I'm willing to bet it was a disgruntled employee dumped it all down the drain.
NOOOO!!! Not the MAPLE SYRUP!?!?!!!
I see after it going down the drain and entering our water systems....diabetic levels would sky rocket in Canada! XD
And that is how it met it`s sticky end
Well, consider this: where would you go to sell that much syrup on the black market without showing up on the radar?
Check Guiness Book of World Records for the largest Pancake ever made and start there!
I had nothing to do with this
The Canadians use syrup to power their factories. This could be a disaster!
Drained from the barrels or "never made it into" the barrels. Sort of like someone selling you a case of empty beer bottles. Well you know what the say in Quebec. "Quebec sait faire" ... "Quebec knows how" and the other favourite "Je me souviens" ... "I remember" but then I guess I just don't remember where I put that bottle of maple syrup.
it was Walt White
We have a vast supply of top quality maple syrup. Must sell. Occupies too much place in garage. Wife says it must go. Originally purchased as Global Strategic Maple Syrup Reserves or GSMSR for short. Only $2.00 a pound. Priced to sell, VERY motivated seller. Must sell fast or wife will take action. Call 1-800-BULLCRAP
Imagine! No more sticky fingers. Pickpockets the World over will go hungry!
SUh-Weeeeet
Rough math. About 10 pounds per gallon so you have 1 milion gallons. Big tankers hold about 9500 gallons and that's assuming it was big tankers. That's 105 tankers. Something doesn't add up.
Agreed. Something's fishy or there is a massive inventory error. If it did get stolen, the only place to unload that much product would be China.
mitts and ryan are already blaming Obama for this; it happened on his watch.
They were libs to make the price of syrup go higher.