Comments on: Market inefficiency of the day, Maple syrup edition http://blogs.reuters.com/felix-salmon/2011/11/09/market-inefficiency-of-the-day-maple-syrup-edition/ A slice of lime in the soda Sun, 26 Oct 2014 19:05:02 +0000 hourly 1 http://wordpress.org/?v=4.2.5 By: GlennFleishman http://blogs.reuters.com/felix-salmon/2011/11/09/market-inefficiency-of-the-day-maple-syrup-edition/comment-page-1/#comment-32995 Fri, 11 Nov 2011 06:51:25 +0000 http://blogs.reuters.com/felix-salmon/?p=11026#comment-32995 Next up, please investigate extra virgin olive oil. As the New Yorker reported a couple years back, it’s likely that a fair percentage of EVOO isn’t really even olive oil. But my gripe is that EVOO isn’t what you always want. It has a flavor that you may not want to add to the food.

What you want is “pure” grade, which is a later pressing, and no lower in quality. Rather, it has much less taste and is enormously cheaper, typically.

However, I have gone through incredible journeys to find “pure” olive oil in the last 3 or 4 years. Rachel Ray spread the gospel of EVOO, and in Whole Foods and other markets, I can find 40 brands of EVOO, and no pure. Trader Joe’s has had (and sometimes still does) have a single lonely “pure” shelf item.

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By: JamusLim http://blogs.reuters.com/felix-salmon/2011/11/09/market-inefficiency-of-the-day-maple-syrup-edition/comment-page-1/#comment-32976 Thu, 10 Nov 2011 22:23:57 +0000 http://blogs.reuters.com/felix-salmon/?p=11026#comment-32976 The market price (and implied efficiency) of a product is determined by the market structure and demand, not costs alone.

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By: Auros http://blogs.reuters.com/felix-salmon/2011/11/09/market-inefficiency-of-the-day-maple-syrup-edition/comment-page-1/#comment-32974 Thu, 10 Nov 2011 21:47:39 +0000 http://blogs.reuters.com/felix-salmon/?p=11026#comment-32974 Historically, maple syrup and maple sugar were used in New England in place of white sugar. As such, there was a desire to get a product as close to traditional white sugar as possible, that would not “throw off” the flavors of the things you were sweetening. These days, even the cheapest maple syrup is far more expensive than white sugar, so this really shouldn’t matter, but, as in many cases, history and tradition have a tenacious hold. Also, as some folks have noted, de gustibus non disputandem est: there are surely some people who find the strong flavor of Grade A Dark Amber (my preferred level) and Grade B (my second choice) off-putting. Many years ago I had a girlfriend whose palate was so sensitive that I would joke that she didn’t like food with flavor in it. A basic Italian pomodoro sauce, with a bit of oregano in it, and no pepper at all, would strike her as “spicy”.

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By: pickandroll http://blogs.reuters.com/felix-salmon/2011/11/09/market-inefficiency-of-the-day-maple-syrup-edition/comment-page-1/#comment-32966 Thu, 10 Nov 2011 19:17:12 +0000 http://blogs.reuters.com/felix-salmon/?p=11026#comment-32966 Kids actually prefer the light stuff. I suspect kids drive most of the syrup demand and household buying decisions. Economics saved.

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By: CDN_Rebel http://blogs.reuters.com/felix-salmon/2011/11/09/market-inefficiency-of-the-day-maple-syrup-edition/comment-page-1/#comment-32964 Thu, 10 Nov 2011 19:05:28 +0000 http://blogs.reuters.com/felix-salmon/?p=11026#comment-32964 Bottomline – if you buy maple syrup from New England instead of Quebec you’re getting crapola anyways!

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By: Publius http://blogs.reuters.com/felix-salmon/2011/11/09/market-inefficiency-of-the-day-maple-syrup-edition/comment-page-1/#comment-32957 Thu, 10 Nov 2011 16:35:43 +0000 http://blogs.reuters.com/felix-salmon/?p=11026#comment-32957 Maple syrup is a product of mud season. It’s a sign of the times that this post comes out in November.

Most large producers use reverse osmosis to shorten the boiling time. I think the marginal cost difference of the higher sugar content of mid-season sap (thanks OsborneMaple)is immaterial. The issue is one of demand, and until recently everyone wanted “fancy.”

But when does Felix think seriously about economics?

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By: lemarin http://blogs.reuters.com/felix-salmon/2011/11/09/market-inefficiency-of-the-day-maple-syrup-edition/comment-page-1/#comment-32956 Thu, 10 Nov 2011 15:50:45 +0000 http://blogs.reuters.com/felix-salmon/?p=11026#comment-32956 I wouldn’t be surprised if this had something to do with market structure: Québec produces 75% of all maple syrup and the supply is managed through the “Fédération des producteurs acéricoles du Québec”. They even have a maple syrup strategic reserve to manage the market and make up for good and bad years. This is a heavily manipulated market, it might have something to do with these inconsistencies.

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By: samadamsthedog http://blogs.reuters.com/felix-salmon/2011/11/09/market-inefficiency-of-the-day-maple-syrup-edition/comment-page-1/#comment-32953 Thu, 10 Nov 2011 14:00:10 +0000 http://blogs.reuters.com/felix-salmon/?p=11026#comment-32953 My Dear Man,

It is not only your gallon gaffe that betrays your unamerican roots.

We like white bread, “lite” beer, golden delicious apples, and syrup that is maple in name, only.

A long time ago (Prejudices: Sixth Series (1927)), H. L. Mencken wrote of the the American “Libido for the Ugly”. We not only lack taste, but reject it in the rare instances when we encounter it.

Get used to it.

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By: FitN http://blogs.reuters.com/felix-salmon/2011/11/09/market-inefficiency-of-the-day-maple-syrup-edition/comment-page-1/#comment-32952 Thu, 10 Nov 2011 13:49:35 +0000 http://blogs.reuters.com/felix-salmon/?p=11026#comment-32952 Felix, really you want to start the Maple Syrup of 2011! First off, the A grade also has different levels of lightness, the very lightest stuff hardly taste of anything at all. Second, and much more important, American maple syrup is a pale imitation to the Canadian stuff.

That’s the most important point, and I’m sure that even Kid Dynamite would agree with this. When it comes to Maple Syrup Canada rules!

There you go, my contribution to the great Maple Syrup war of 2011!

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By: scythe http://blogs.reuters.com/felix-salmon/2011/11/09/market-inefficiency-of-the-day-maple-syrup-edition/comment-page-1/#comment-32938 Thu, 10 Nov 2011 08:54:19 +0000 http://blogs.reuters.com/felix-salmon/?p=11026#comment-32938 @ megalomaniac

Yes, Felix should have referenced this as a link in his blog.
Ah, the rigour of shallow writing ….

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