There is something a bit sticky about peanut butter. In fact, get ready for sticker shock. That is because peanut butter and other products that are made with peanuts could be going up in price as much as 40 percent by the end of this month.
Peanut butter is such a staple in our home. The kids literally eat it up, and we go through a lot of jars in any given year. It is a great source of protein for my kids, and I don’t even mind the extra ‘good” fat, since they are on the thin side.
I suppose it is my own fault. While pregnant, I could eat peanut butter with a spoon out of a jar (the thought of that gags me now). This was before there were any sort of discussion about whether eating peanuts while pregnant is a good idea.
So, I’m dreading the fact that the cost of peanut butter is going to rise significantly. Why? Well, there appears to be a peanut shortage coming, and this will drive the prices of peanut butter up a good deal. Hot weather and droughts are affecting the peanut harvest.
Kraft already said that Planters Peanut Butter will go up by 40 percent, Jif is expected to go up by 30 percent wholesale, and other companies are just keeping mum about any projected price increases. Trader Joe’s has stopped making its organic store brand peanut butter.
Fortunately, I have a little bit of a stockpile of peanut butter that will get me through the next few months. The thing is, though, rarely do you see prices go back down in the grocery stores, even after a shortage or crisis has past. So we may be stuck with these higher prices permanently.
So, if you haven’t already, consider stocking up on a few extra jars of peanut butter. Make sure to compare prices as you do, since the increase could come at any time. As usual, buying in bulk usually is the cheapest way to go with peanut butter.
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