Farms.com Home   Ag Industry News

US Company involved in Quebec Maple Syrup Heist

Canadian officials link $20 million stolen maple syrup case to a US company

By , Farms.com

Canadian officials have discovered a link between Maple Grove Farms, a US company based out of Vermont, and the $20 million in maple syrup that was stolen in Quebec back in October last year - 12 tractor-trailer loads of maple syrup went missing at that time. Maple Groves is one of the largest distributors of maple syrup in the United States.

A petition filed before the Board of Agriculture and Food Marketing in Quebec indicates that a Maple Grove representative purchased syrup from the heist ring leader Richard Vallieres at a cost significantly lower than market rates. According to Quebec media, Vallieres is well-known within illegal Maple Syrup distribution circles. 

Maple Groves released a public statement saying “Maple Grove Farms purchased the maple syrup in good faith with no reason to believe that it was coming from Quebec or that it may have been stolen.”

Canadian authorities have made close to 18 arrests in the case. Officials have said that Maple Grove could face fines and trade sanctions. The investigation is still ongoing.


Trending Video

Will a Weak U.S. High-Pressure Ridge = Summer Grain Rally?

Video: Will a Weak U.S. High-Pressure Ridge = Summer Grain Rally?


U.S. weather remains bearish through the 2nd - 3rd week of June but the forecast for a weak hot/dry weather forecast for the U.S. Western Corn Belt for end of June/July could see a late corn summer rally.
Where are the 90 trade deals in 90 days? Stocks continue to climb the wall of worry with U.S. Q1 earnings +13% better than expected!
A head and shoulders bottom in wheat looks promising ahead of the U.S. harvest.
The Sunday night weather forecast will become more critical over the next 10-12 weeks!