Skip to comments.Peanut Butter Prices Are Rising By 24 to 40 Percent
Posted on 10/10/2011 7:11:20 PM PDT by DeaconBenjamin
You can now add peanut butter, a long-time recession staple food item, to the list of things that "the 99 percent" may no longer be able to afford. Thanks to droughts, the price of peanut butter has gone up from $450 a ton to $1,150 a ton in just one year and now peanut butter makers are about to pass on the increased costs to consumers.
The Wall Street Journal reports that wholesale prices for Jif are going up 30 percent beginning in November. Peter Pan will increase its prices by as much as 24 percent in a couple of weeks. Skippy prices are already 30 to 35 percent higher now than they were a year ago, and Kraft Foods Inc., which launched Planters peanut butter in June, is raising its prices by 40 percent on October 31.
It will be interesting to see if consumers cut back on their peanut butter consumption in light of the rising cost and tough economy.
Thank goodness we don’t have any inflation. /sarc
So what are we looking at 7.50 - 8.00 for a jar of peanut butter? Ummm no thanks.
I thought peanut butter was banned everywhere by now!
Free advertising for the communist protests, right in the first line of an unrelated article. Pravda much?
Puns aside, we haven’t yet began to feel the full effects of the drought. I’ve seen it personally - we buy a lot of fresh foods from farmers markets directly from the farmers and prices have gone up while selection and sizes have gone down. I can’t imagine what it will be like on a national level.
Peanut butter was invented by George Washington Carver. This
means that price increased are racist!
So much for having peanut butter cookies in the line-up for the holiday season goodie trays.
Again, inflation caused by government. Federal law limits peanut farming and imports. Peanut farmer Jimmy Carter is smiling all the way to the bank.
PB has become an important source of protein as prices have risen. This is not pleasant news.
Elvis is gettin’ upset.
If Elvis can’t have his peanut butter and banana, Elvis is gonna get upset!
Elvis is gettin’ upset.
If Elvis can’t have his peanut butter and banana, Elvis is gonna get upset!
...from $450 a ton to $1,150 a ton in just one year and now peanut butter makers are about to pass on the increased costs to consumersSomeday we'll return to the days of tuber the price of one.
You could find yourself in a sticky situation.
If peanut butter were as expensive as caviar, Bill (Buckley) has said more than once, it would be served at Buckingham Palace teas.
One pound of Smuckers Natural is only $2.48 at Walmart. So, likely $3.30+, soon. We read this earlier and stocked up. It has a 6 month sell by date and peanut oil can go rancid, but kept cool and dark it should be good for longer, unopened. My husband could live on the stuff, so it goes pretty fast, around here.
The ones w/hydrogenated oils would last longer, I suppose. Most of them are what I would call *peanut spread*, though, not real peanut butter.
>One pound of Smuckers Natural is only $2.48 at Walmart. So, likely $3.30+, soon. We read this earlier and stocked up. It has a 6 month sell by date and peanut oil can go rancid, but kept cool and dark it should be good for longer, unopened. My husband could live on the stuff, so it goes pretty fast, around here.<
Thanks for the info. I love Smuckers. When I head to the Philippines for business, I can’t believe there is an underground barter system for Smuckers that has been going since the 80’s. It really is popular, even in SE Asia.
Might even be considered a case of arachibutyrophobia.
Isn’t it amazing? I have a friend in NZ who requests Miracle Whip.
Who says America doesn’t have a culture? ;~)
Loss of the dollar as the world’s reserve currency is one of the paramount risks out there and it’s not being taken seriously. I find the lax attitudes disturbing.
More hopey/changey. Fundamentally transforming the price of peanut butter. I’m not liking this communism thing so far.
>Who says America doesnt have a culture? ;~)<
ROFL Our business liaison in Manila a year ago told us that all he ‘REQUESTS’ is Smuckers’ or Toblerone by Hershey. That’s it. You want to see a grown man cry at the sight of American chocolate bar or a bottle of peanut butter? I witnessed it...this is the stuff you read when GI’s were giving away the stuff when they were liberating countries.
I know Moochelle is trying to shrink the size of American kids but this is getting ridiculous.
Just to give you an idea of the drought - Texas is the second largest producer of peanuts in the nation. Texas is in the midst of the worst year-long drought since records starting being kept in 1895. It doesn’t matter how many peanuts were grown, the fact is the rest of the country is going to be feeling this drought later in the year and into the next.
“...Peanut butter was invented by George Washington Carver...”
And Reeses too. Out of all the candy out there, Reeses is one of the few I have ever liked. Kit Kat and Peanut Butter Twix & Snickers. I may go for a candy fix every few months.
Oh, dear. In that case, here’s the web site for you:
George Washington Carver didn’t patent peanut butter, as he believed all foods are gifts from God.
Change you can believe in I guess.
Longer than that - an article from my hometown paper this week saying local ranchers may be getting out of the business soon.
I’m gona’ have to skip my Skippy......
We have been selling our herds down to base stock....the bull and the best mothering cows. The sale barns are doing big business.
We did get 2.5 inches over the weekend......which is the biggest single amount of moisture we’ve seen since the snow/ice melted from the February storm. Our tanks are the lowest I can ever remember seeing them and dad says they weren’t quite this bad in the 1950-58 drought.
Our savior is that the ranch is paid for. It’s just there minus the taxes.
I just bought a 4 lb. (64 oz.) container at HEB (house brand) for $5.17 today. Most of their house brands are pretty good. I have bought their peanut butter before and like it.
I use it for baking. I stock up when they go on sale with coupons so I get them for very little. Now if they go up by $1 or more, bye bye free/cheap peanut butter.
I was on a flight recently, sitting near the back of the plane (a 767). The flight attendant came back to tell us that because someone sitting in our section (approx. last 15 rows) had a nut allergy, none of us would be served peanuts.
What are you worried about. The dollar will always be the world's reserve currency. Just like how the credit rating if the USA would never be downgraded. Just ask "Turbo-Tax" Timmy Gartner.
We got 3.75 inches over the weekend. That is more than the total rainfall over the past 12 months. Since last October we had received between 2.5 and 2.9 inches of rain.
No one living has seen a weather pattern like this year in TX.
1895 might have been similar. Some of my ancestors left Haskell County due to the drought then. They came back in 1898.
I am just praying the drought is broken now.
Anyone know if PB is edible after freezing?
It’s possible.. They do sell frozen PB&J sandwiches (uncrustables), peanut butter cookie dough, desserts, etc.
This is what I found searching:
Can You Freeze Peanut Butter?
Peanut butter can be frozen, provided that a few simple precautions are followed to insure the continued viability of the product.
Freezing is Possible
Freezing of peanut butter is possible to extend the shelf life, provided that the container is sealed air tight. Because of the oils in peanut butter, the shelf life of the product naturally is quite long when stored at room temperature and freezing is generally not recommended.
Oil Will Separate
The primary concern with freezing peanut butter is that the oil will separate when thawed. Although the appearance and texture of the peanut butter will be affected by this separation, the product is still safe to eat.
Storage at Room Temperature
Peanut butter may be stored for extended periods of time at room temperature without any harm befalling the product. Most products will remain viable for at least a year if stored at room temperature. According to Peter Pan Peanut Butter, the shelf-life of its product is 18 months.
Refrigerate Rather Than Freeze
For locations where the room temperature will be warm, it is recommended that peanut butter be refrigerated. Refrigeration will also maintain the flavor of the product. However, refrigerated peanut butter will be more difficult to spread.
Jif Peanut Butter’s web site recommends that any of its product that is not eaten within the first three month’s of opening, should be refrigerated to retain the best flavor. Neither Jif nor Peter Pan recommend freezing peanut butter.
Keep Tightly Sealed
Exposure to air and heat will have a negative impact on peanut butter. For that reason it is best to keep the container tightly sealed.
What Happens When You Freeze Peanut Butter?
In general, peanut butter has a shelf life of about 18 months when stored at room temperature. However, that shelf life can be extended by freezing the peanut butter. Freezing peanut butter can have some side effects that may undesirable, including decreased spreadability, freezer burn and oil separation.
As peanut butter gets cold, the product firms up and becomes much more difficult to remove from the jar, let alone spread over a piece of warm toast. Bear in mind that after removing frozen peanut butter from the fridge, you will need to either warm the product in the microwave or allow it to return slowly to room temperature in order to ensure maximum spreadability.
As peanut butter freezes, some separation of oils can occur. While this can be a bit off-putting for people unfamiliar with similar phenomena occurring in all-natural peanut butter, this separation of oil from the product does not impair safety of the product. Vigorous stirring with or without heat can help to reconstitute the peanut butter spread after the oils have separated due to freezing.
If not tightly sealed, moisture in the air of the packaging can freeze, causing the formation of ice crystals or freezer burn. To minimize the formation of ice crystals, you may want to spoon the peanut butter from its original jar into plastic freezer bags, pressing all the air out before sealing them up.
Possible Effects on Flavor
The manufacturers of Peter Pan brand peanut butter suggest that storing peanut butter in the fridge in very warm climates can help to maintain the product’s optimum flavor more effectively than keeping it at room temperature. However, they do not state whether freezing peanut butter can have similar flavor-retaining properties, so you may want to compare the taste of peanut butter kept at room temperature, the fridge and the freezer to see which you prefer. However, it is worth noting that the makers of Peter Pan peanut butter do not recommend freezing their product as a general rule.
Freezing Foods With Peanut Butter
Foods that contain peanut butter, such as cookies or snack bars, are usually okay to freeze, and some notable jelly makers have branched out into the frozen PB&J sandwich market. In addition, some desserts containing peanut butter are designed to be frozen, such as frozen peanut butter pie or Martha Stewart’s frozen peanut butter and chocolate sandwiches.
Freezing will cause the oil to separate when thawed. The fridge would be much better for longer storage.
Thanks for the info- I think that I’ll buy a few extra jars and refrigerate them.