Stock Up on Peanut Butter Now Before Prices Get Ridiculous
BY MELANIE PINOLA
The time to buy peanut butter is now, friends. The Wall Street Journal reports that prices for Jif, Peter Pan, and other peanut butter jars will be going up as much as 40% starting in a couple of weeks.
In just one year, the wholesale price of peanuts has skyrocketed from $450 a ton to $1,150 a ton, thanks to Mother Nature and human folly. As a result:
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