Skip to comments.Peanut butter prices about to soar amid poor harvest
Posted on 10/12/2011 6:35:53 AM PDT by Winstons Julia
High prices are expected to trickle down to consumers soon. J.M. Smucker Co.s Jif will boost wholesale prices 30% this fall, according to the Wall Street Journal. Unilevers Skippy brand will see a 35% increase while ConAgra Foods Inc.s Peter Pan label will jump nearly 25%. But peanuts weren't the only crop facing a difficult harvest unpredictable weather has recently complicated the growing seasons for pumpkins and coffee beans. Coffee roasters only recently began scaling back price hikes instituted over the past year.
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It’s difficult to avoid noticing that there is never an announcement that a harvest was particularly good, therefore prices are going to fall.
Because that’s not news.
Good thing I dislike peanuts and am not that big on peanut butter either. Except Reese’s. Which I haven’t had in about five years.
They do seem to always spring, don’t they... although there are claims that coffee prices will come back down.
Now if the government didn’t have a quota and restrict who could grow peanuts, folks in areas who did have good weather might have had a decent harvest. Any idea why we have a peanut quota? Well to protect prices.
There is at least one individual who lives in NYC who owns peanut quota. ‘Splain that to me.
Good for the Jimmy Carter family and a handful of US peanut growers who are the beneficiaries of a Government imposed near-monopoly.
I wonder if this will also impact the plumpynut stuff that we’re sending into famine zones in Africa. Seems like it’s time to increase that quota of peanuts.
It happened in the hog industry the first half of last year. So much pork the entire pork industry was only 30 to 60 days from bankruptcy. Pork price in the store were way down to try and get the glut of meat out of the doors.
Yup, have noticed it here at our local Krogers. Planters jumped from 2.19 to 2.99 in just a matter of a couple of weeks.
Coffee.......that’s went higher than a hawks nest.
this too from the LaTrine..
Climate change could shrink chocolate production: report
I can understand that mothers with young children might be distressed at this, though.
Reese’s are delicious. I haven’t had one in at least 15 years.