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Peanut butter prices expected to increase
WECT News ^

Posted on 09/12/2011 5:47:56 PM PDT by djf

NEW HANOVER COUNTY, NC (WECT) – You may see fewer peanuts on grocery store shelves this year and will likely pay more for peanut butter.

The US Department of Agriculture estimates this year's peanut crop could be 13 percent smaller than last year's because many farmers in Georgia and Texas have lost their crops to dry and hot weather conditions.

Many farmers in our area believe the demand for peanuts could help the local economy, despite also suffering a loss.

Some peanut butter companies have already raise their prices by a least 50 cents.


TOPICS: Business/Economy; Culture/Society; News/Current Events
KEYWORDS: drought; foodprices; foodsupply; peanuts
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Bad harvest, futures prices up. If yur nuts about peanuts, buy souner than later!
1 posted on 09/12/2011 5:47:58 PM PDT by djf
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To: djf

Blame Carter and malaise...


2 posted on 09/12/2011 5:49:24 PM PDT by null and void (Day 965 of America's holiday from reality...)
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To: djf

drat! I like the stuff and have relied on it as a less expensive source of protein. :(


3 posted on 09/12/2011 5:50:43 PM PDT by midnightcat
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To: djf; JoeProBono; a fool in paradise


4 posted on 09/12/2011 5:51:21 PM PDT by Revolting cat! (Let us prey!)
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To: djf

Peanut butter and jelly sandwich will become an expensive gourmet item


5 posted on 09/12/2011 5:51:55 PM PDT by dennisw (nzt - works better if you're already smart)
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To: null and void

I wish it was warmer here so I could try growing peanuts. I think it would be fascinating to watch them grow...
but not in my neck of the woods!


6 posted on 09/12/2011 5:52:54 PM PDT by djf (One of the few FReepers who NEVER clicked the "dead weasel" thread!! But may not last much longer...)
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To: null and void
"How 'bout some Obama-Billy Beer, y'all? Killer Rabbit and Misery Index thrown in for free!"


7 posted on 09/12/2011 5:53:08 PM PDT by twister881
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To: djf

Thanks for the heads-up! I use a lot of peanut butter during the holidays since a lot of fudge/cookie/dessert recipes call for it. I will definitely be going to Costco!


8 posted on 09/12/2011 5:59:09 PM PDT by momtothree
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To: djf
Is there any segment of the US agricultural industry that prices their product according to the time averaged statistical occurrence of unfavorable harvests, or is “a bad year” simply the perennial excuse for food price inflation?
9 posted on 09/12/2011 6:00:00 PM PDT by SpaceBar
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To: djf

I hadn’t done the family grocery shopping for a couple of months. In May 2011, a gallon of 2% milk cost about $2.50 at Wal-Mart. Most recent price= $4.03. A pint of blueberries cost $2.50 in May. Most recent price=$4.98.
I remember many stories during the GWB years about the “skyrocketing” price of food. Now=crickets chirping.


10 posted on 09/12/2011 6:01:48 PM PDT by macrahanish #1
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To: djf
Nuts, peanut butter is good stuff, stock up.
11 posted on 09/12/2011 6:04:58 PM PDT by Navy Patriot (Holy flippin' crap, Sarah rocks the world!)
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To: momtothree

I had heard that Smuckers ( Jif )was going to increase the retail price by 30% on their peanut butter in a report yesterday on the commodities market.

A PBJ sandwich has been a mainstay in my house.
Time for a visit to Costco or Sam’s for some ‘Home Storage’.


12 posted on 09/12/2011 6:05:38 PM PDT by Tilted Irish Kilt (Nothing to see here. . ... Move along !)
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To: Revolting cat!

13 posted on 09/12/2011 6:06:22 PM PDT by JoeProBono (A closed mouth gathers no feet)
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To: JoeProBono

Joe, My 2 Labs would have that kid cleaned up in less than 3 minutes! lol.


14 posted on 09/12/2011 6:13:27 PM PDT by MountainDad (Support your local Militia)
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To: momtothree

Yur welcome! Sounds like a big increase could be on the way, that’s why I posted.

I use it occasionally and have about 6 pounds in storage for SHTF.

Day to day - wise, I prefer the Nutella, which is a spread like peanut butter but made from hazelnuts. It’s really good... especially with some black raspberry jam... dam now I’m hungry...

;-)


15 posted on 09/12/2011 6:14:01 PM PDT by djf (One of the few FReepers who NEVER clicked the "dead weasel" thread!! But may not last much longer...)
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To: djf

Funny. I just bought the Skippy 16 oz Super Chunk PB last saturday for $1.50 at food 4 less.


16 posted on 09/12/2011 6:14:01 PM PDT by max americana (FUBO NATION 2012 FK BARAK)
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To: Revolting cat!
Those Almonds look good. How's that crop doing this year?
17 posted on 09/12/2011 6:16:21 PM PDT by Musketeer
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To: MountainDad

Ever give peanut butter to a dog?

I gave some to my pup years back and laughed so hard I nearly peed myself...

It gets stuck on the roof of their mouth and they ain’t exactly sure what to do except lick and slobber all over the place with this dumbstruck look on their face.

Hilarious!


18 posted on 09/12/2011 6:19:03 PM PDT by djf (One of the few FReepers who NEVER clicked the "dead weasel" thread!! But may not last much longer...)
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To: djf

“...many farmers in Georgia and Texas have lost their crops to dry and hot weather conditions...”
-
I’ve seen those areas and the cotton ain’t doin’ too good, neither.


19 posted on 09/12/2011 6:20:36 PM PDT by Repeal The 17th (Proud to be a small monthly donor.)
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To: null and void
Blame Carter and malaise...

Jimmah Earl was one of those Georgia peanut farmers. He was into nuclear physics, too.

20 posted on 09/12/2011 6:23:05 PM PDT by cynwoody
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