Friday, August 31, 2012

Sticky Fingers! $30 Million in Maple Syrup Stolen in Quebec

The headline is from Minyanville, the story is from the Globe and Mail:

Police probing Quebec maple syrup heist worth up to $30-million 
Quebec police are on the hunt for a sticky-fingered thief after millions of dollars of maple syrup vanished from a Quebec warehouse.

The theft was discovered during a routine inventory check last week at the St-Louis-de-Blandford warehouse, where the syrup is being held temporarily. The Federation of Quebec Maple Syrup Producers, which is responsible for the global strategic maple syrup reserve, initially kept the news quiet, hoping it would help police solve the crime quickly.

About 10 million pounds of syrup was stored at the site, at a value of more than $30-million.
Anne-Marie Granger Godbout, executive director of the federation, said the organization is still trying to determine how much is missing and declined to offer an estimate. But a spokesman from the Sureté du Québec said the loss was significant.

“We know that it’s millions of dollars that was stolen,” said Sergeant Richard Gagné. “It’s a very large amount.”

All of the maple syrup inventories are fully insured, according to the federation, so there will be no loss to producers.

Ms. Granger Godbout said the theft shouldn’t put the global supply of maple syrup at risk, but warned it could allow the thief to undercut legitimate producers. The federation represents about 10,000 maple syrup producers in Quebec. “Obviously those people stole the maple syrup to sell it somewhere,” she said. “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.”...MORE
Global strategic maple syrup reserve? Who knew.