STOCK UP ON PEANUT BUTTER

A major financial newspaper reports that the price of peanuts has gone from $450 a ton to $1150 a ton in just one year.  Skippy, Jiff, Planters and Peter Pan peanut butter producers have announced wholesale price increases of 25%-to-40%, beginning at the end of the month or next month.  The peanut harvest is short this year, due to droughts in Texas and Georgia, and some farmers rotating out of peanuts due to a glut on the market last year.  Be prepared for hefty price increases for that PBJ.

This entry was posted on Tuesday, October 11th, 2011 at 2:10 pm and is filed under Latest News. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.