Peanut Butter Prices on the Rise

By: Victoria Phillips

Buyers beware: That peanut butter you’ve been snacking on since childhood is soon to undergo a price hike. Sweltering temperatures and parched soil in Peanut Belt states like Georgia and Texas are to blame for the spoiled peanut crop.

According to the U.S. Department of Agriculture, this year’s peanut crop is predicted to be about 3.61 billion pounds, 13 percent smaller than last year.

Peanut butter powerhouse J.M. Smucker Co., who dominates 45 percent of the peanut butter market, expects to raise prices by 30 percent in November, making that $3.19 jar of Jif $4.15, says a Cleveland article.

Although this year's peanut crop won't be harvested for a month or two, farmers who have pulled up their plants came away disappointed after finding very few peanuts.

Also quoted in the article is Patrick Archer, president of the American Peanut Council in Alexandria, Va., who says that although a lot could change between now and harvest, price hikes at the supermarket are inevitable.

Keep Reading

Next Up

Public School Lunch Prices Rising

The bill, which reduced whole milk in cafeterias and bolstered the amount of fresh produce in use nationwide, requires school districts to raise lunch prices in order to match the cost of producing meals.

Peanut Butter Recall

If you go nuts for peanut butter, you may need to find another favorite -- at least for the time being. Another salmonella outbreak has hit the U.S. (and Canada), and peanut butter is the source.

Food Fight: Almond Butter vs. Peanut Butter

Get revved up for the next Healthy Eats battle! Peanut butter and almond butter are popular choices for kids and adults, but which should you choose?

Caffeinated Peanut Butter Now Exists

The next time you need a caffeine fix, skip the percolator, auto-drip and cold brew — and instead reach for peanut butter.

Make Your Own Peanut Butter Cups

Some Halloween goodies can be downright spooky, try making peanut butter cups at home, eliminating the preservatives found in store-bough treats.

12 Peanut Butter for Dessert Recipes

Head back to school with these inventive Peanut Butter recipes for dessert from Food Network.

Peanut Butter: Good or Bad?

Peanut butter can be a healthy addition to a meal or snack, but not all peanut butters are the same. Some are full of unhealthy trans fats and hydrogenated oils. Pick natural, simple mixes.

Spotlight Recipe: Peanut Butter & Chocolate Biscotti

These peanut butter and chocolate biscotti pieces are bit time- and energy-intensive, but at a five-dozen yield, they are certainly worth the effort.