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In the United States, consumers generally prefer imitation syrups, likely because of the significantly lower cost and sweeter flavour; [113] [114] they typically cost about $2 per litre ($8 per US gallon), whereas authentic maple syrup costs $11–$16 per litre ($40–$60 per US gallon) as of 2015.
The reserve is used to support global maple syrup prices and supply, and has been called "the OPEC of the maple syrup world" by The Economist. [ 8 ] [ 9 ] A barrel is worth about $1,200 or $2.88 per pound which is 10-18 times the value of U.S. crude oil.
Table syrups are often used as a cheaper alternative to maple syrup, with, as of 2015, prices of table syrup, $2 per litre ($8 per US gallon), being 5-8 times lower than those of maple syrup, $11–$16 per litre ($40–$60 per US gallon). [7]
It is usually made from Grade A Golden Color and Delicate Taste syrup (previously known as "Fancy" or "Vermont Fancy"), and is a light tan color. 1 US gallon (3.8 L; 0.83 imp gal) of syrup can make about 3 kilograms (6.6 lb) of maple cream.
According to CBC Canada, nearly 3,000 tons of the syrup, valued at $18.7 million, were stolen from a warehouse operated by the Quebec Maple Syrup Producers in 2011 and 2012.
Vermont Maple Syrup. New England exports food products, ranging from fish to lobster, cranberries, Maine potatoes, and maple syrup. The service industry is important, including tourism, education, financial and insurance services, plus architectural, building, and construction services.