Canadian authorities investigate $30m maple syrup heist - WAFF-TV: News, Weather and Sports for Huntsville, AL

Canadian authorities investigate $30m maple syrup heist

Source: jemasmith Source: jemasmith
LONGUEUIL, QC (PR NEWSWIRE) -

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.

©2012 PR Newswire. All Rights Reserved.

  • NewsMore>>

  • Breaking News

    Florence man accused of trying to kill police officer escapes jail for second time

    Sunday, December 17 2017 4:05 PM EST2017-12-17 21:05:39 GMT
    Christopher Wayne Kilpatrick (Source: Florence Police Department)Christopher Wayne Kilpatrick (Source: Florence Police Department)

    A Lauderdale County inmate charged with the attempted murder of a police officer has escaped for the second time in a year. Christopher Wayne Kilpatrick was last seen in the area of Highway 72 and Sky Park Road. Details of how he escaped have not been confirmed. Kilpatrick escaped from the Lauderdale County Detention Center in April. After a week on the run, law enforcement captured Kilpatrick in a home off Highway 157. Kilpatrick is considered to be armed and dangerous. ...

    More >>

    A Lauderdale County inmate charged with the attempted murder of a police officer has escaped for the second time in a year. Christopher Wayne Kilpatrick was last seen in the area of Highway 72 and Sky Park Road. Details of how he escaped have not been confirmed. Kilpatrick escaped from the Lauderdale County Detention Center in April. After a week on the run, law enforcement captured Kilpatrick in a home off Highway 157. Kilpatrick is considered to be armed and dangerous. ...

    More >>
  • Whitesburg students create fight song for cancer-stricken classmate

    Whitesburg students create fight song for cancer-stricken classmate

    Saturday, December 16 2017 4:21 PM EST2017-12-16 21:21:29 GMT
    Kadence Castillo is treated to a special song by her classmates. (Source: Huntsville City Schools)Kadence Castillo is treated to a special song by her classmates. (Source: Huntsville City Schools)

    A Whitesburg student may be facing a life-threatening illness, but she's not doing it alone.

    More >>

    A Whitesburg student may be facing a life-threatening illness, but she's not doing it alone.

    More >>
  • Skinned coyote found by workers in Lauderdale County

    Skinned coyote found by workers in Lauderdale County

    Friday, December 15 2017 3:59 PM EST2017-12-15 20:59:00 GMT

    A crew with AT&T made a shocking, gory discovery in Lauderdale County on Thursday. A skinned animal was found by workers, who called police.

    More >>

    A crew with AT&T made a shocking, gory discovery in Lauderdale County on Thursday. A skinned animal was found by workers, who called police.

    More >>
Powered by Frankly