Peanut Butter going up

**ladycat** · #21 10/15/11, 11:33 PM

Quote:

Originally Posted by barnyardfun

I guess I am really not understanding why there is such a hype about PB prices going up. In the news? What about all the other food prices that are going up? Why is PB getting so much attention? And why is PB going up all the sudden?

Maybe this will explain:

http://money.cnn.com/2011/10/14/mark....htm?hpt=hp_t2

Wholesale price was $450/ton last year, the harvest that's coming in now is $1200. That's how bad the shortage is.

Peanut butter is a cheap staple protein in lower income households. Or at least it was until now.

Terri in WV · #22 10/15/11, 11:34 PM

Maybe it's getting the hype because it's a more main stream product? So many people now don't scratch cook so they couldn't care less about the price of flour, beans, sugar and such. Of course some of them can't even be bothered to make a pb&j now, they have to buy them in the freezer section(a huge pet peeve of mine).

Catalytic · #23 10/15/11, 11:39 PM

Peanuts are big business here, and back in June/July when I started asking about peanut hay, I was told then the crop probably wasn't going to be worth a darn this year due to the heat/drought. I was fortunate to get my peanuts for boiling at about the same price as last year, but while peanut hay was all over CL last fall, it's few and far between this year.

barnyardfun · #24 10/15/11, 11:53 PM

Quote:

Originally Posted by ladycat

Maybe this will explain:

http://money.cnn.com/2011/10/14/mark....htm?hpt=hp_t2

Wholesale price was $450/ton last year, the harvest that's coming in now is $1200. That's how bad the shortage is.

Peanut butter is a cheap staple protein in lower income households. Or at least it was until now.

WOW! Thank you ladycat! While I don't agree that it should be getting all the attention since there is so many other things going up also I do understand that it is a common staple nowadays.

fishinshawn · #25 10/16/11, 01:05 AM

Quote:

Originally Posted by Mrs. Jo

http://online.wsj.com/article/SB1000...ghtMostPopular

As much as 35%!!

<Choosy moms will have little choice but to pay more for peanut butter.

Another hot, dry summer has devastated this year's peanut crop, sending prices for the legume skyrocketing and forcing peanut-butter brands including J.M. Smucker Co.'s Jif, Unilever NV's Skippy and ConAgra Foods Inc.'s Peter Pan into startling price increases.

Wholesale prices for big-selling Jif are going up 30% starting in November, while Peter Pan will raise prices as much as 24% in a couple weeks. Unilever wouldn't comment on its pricing plans, but a spokesman for Wegmans Food Markets, the closely held supermarket chain in the Northeast U.S., ...

We bought 3 of the large jars of adams old fashioned peanut butter 4 days ago. Went back to the grocery store yesterday and looked and the price had jumped up $2 whole dollars a jar

I love my peanut butter!

Becka03 · #26 10/16/11, 07:59 AM

I got another 2 of the huge cans of jif for 6 bucks thru the church last night
ughhh
hubby just says- well then we don't eat it- but to me not having it pre SHTF isn't an option if I can prevent it

beaglebiz · #27 10/16/11, 08:45 AM

Remember the most important thing....What's goiong to happen to the price of PEANUT BUTTER CUPS!!! Yikes!

sdnapier · #28 10/16/11, 01:22 PM

Ok this isn't about peanut butter but yesterday at Harris Teeter (eastern virginia grocery store) I saw Bryers ice cream was 6.99 for the "half gallon" that isn't really a half gallon. Seven dollars!!!!!!

**ladycat** · #29 10/16/11, 01:28 PM

Quote:

Originally Posted by sdnapier

Ok this isn't about peanut butter but yesterday at Harris Teeter (eastern virginia grocery store) I saw Bryers ice cream was 6.99 for the "half gallon" that isn't really a half gallon. Seven dollars!!!!!!

Good grief. I want to know where they get the inflation figures that they spout from Capitol Hill. We're supposed to be having something like 3% inflation rate or something. Many, many staple items have risen more than 10-20% in the last few months!

hsmom2four · #30 10/16/11, 01:38 PM

Quote:

Originally Posted by beaglebiz

Remember the most important thing....What's goiong to happen to the price of PEANUT BUTTER CUPS!!! Yikes!

That's what my husband said too! He went straight to WM to stock up. I sent him with coupons too lol! He eats those things like they are going out of style.

**ladycat** · #31 10/16/11, 01:52 PM

Yes, it will be anything that has peanuts or peanut butter in it, and of course things like roasted peanuts and mixed nuts.

Horsefly · #32 10/16/11, 02:02 PM

I've been grabbing two large jars every time I go into the grocery store. But I forgot it's not just PB. I'll have to stock up on peanuts in general. Need to make an Aldi's run this week after work.

marinemomtatt · #33 10/16/11, 02:07 PM

Fast food joints absolutely love the fact that food prices are rising.
Lately we've been noticing fuller parking lots and longer lines at the drive-thru.

beaglebiz · #34 10/16/11, 05:14 PM

Quote:

Originally Posted by marinemomtatt

Fast food joints absolutely love the fact that food prices are rising.
Lately we've been noticing fuller parking lots and longer lines at the drive-thru.

Not for long...I think the "dollar" menu's will go away...once that happens, Im curious to see if they will continue to attract customers