10/11/2011 3:00 PM ET |
Filed under: Food
Whether you liked your peanut butter creamy or chunky, we all have to admit we especially liked it cheap.
Thanks to mother nature's hot and dry summer devastating peanut crops, the cost of a jar of peanut butter will rise between 25% and 40% depending on the brand.
According to sources:
"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…Skippy [prices] are 30% to 35% higher than a year ago. Kraft Foods Inc., which launched Planters peanut butter in June, is raising prices 40% on Oct. 31."
Looks like it's time to strike PB&J from the poor college kid dinner menu and replace it with another
healthy serving of Ramen noodles.
Tags: brand, jif, kraft food, mother nature, peanut butter, peanut crop, peanut prices, peter pan, poor college kid menu, skippy