Consumer Alert - Buy Peanut Butter Now. Prices To Rise.

[Harvey]

I know this is a weird topic for a Hot Deals post, but per this story on NPR, PB prices will probably rise sharply, possibly after the first of the month. I don't use a lot of PB, but I like it enough that I bought five jars of my favorite Trader Joe's unsalted chunky, today.

Peanut Shortage Sending Peanut Butter Prices Up

by The Associated Press

ATLANTA October 12, 2011, 06:12 pm ET

ATLANTA (AP) — Consumers should be prepared to shell out a bit more for peanut butter soon.

Another hot, dry summer in key producing states and competition from more profitable crops like cotton have significantly shrunk the U.S. peanut crop this year. The tight supply means consumers will soon pay more for yet another grocery staple.

U.S. farmers are expected to produce roughly 1.8 million tons of peanuts this year, down nearly 13 percent from last year, according to a survey released Wednesday by the Department of Agriculture. Assuming that estimate holds, it would be smallest harvest recorded since 2006.

Peanut butter producers already have plans to hike prices for peanut butter significantly in the next few weeks. Those who package nuts for snacks say they are watching their competitors to determine whether price hikes will be necessary.

The J.M. Smucker Co., which makes Jif peanut butter, plans to raise its wholesale prices 30 percent in November. Kraft Foods Co., which launched its Planters peanut butter in June, is raising prices 40 percent on Oct. 31. A spokesperson for ConAgra Foods Inc., which makes Peter Pan peanut butter, was not immediately available to comment but multiple media outlets report that the company plans to raise its prices as well.

 

[MagnusTheBrewer]

Guess I better stock up, a peanut butter sandwich and a cup of coffee is my standard breakfast.

 

[wirednuts]

i think im going to stop buying food

 

[xboxist]

i think im going to stop buying food

lol'd

 

[superHARD]

i think im going to stop buying food

^^^

 

[Harvey]

i think im going to stop buying food

What's next? Oxygen and water?

For now, I think I'll stick with stocking up on peanut butter.

 

[Macgyversite]

Thread crap removed

 

[Zathras66]

Thread crap removed

Not usually in 30% or 40% leaps.
http://www.poconorecord.com/apps/pbcs.dll/article?AID=/20111017/NEWS/110170324

J.M. Smucker Co., which makes Jif peanut butter, plans to raise its wholesale prices 30 percent in November.
Kraft is raising prices on Planters peanut butter by 40 percent on Oct. 31. Unilever, which makes Skippy, didn't say whether it would raise prices.

 

[Harvey]

Thread crap removed .

Yes, it is hot, NOW, because it's happening... ummm... NOW, and it will affect PB prices at least next until the next good harvest.

If you have a problem with it, go to your room without your favorite PB sandwhich or cookies. It's also the single most important ingredient in most sate sauces and many other culinary delights.

 

[SuPrEIVIE]

nice price, will this be compatible with 1155 motherboards?

 

[Spikesoldier]

i read something like this a week ago

stocked up with three jars

good thing PB keeps well.

 

[KaOTiK]

I'm a peanut butter and jelly junky. I eat it everyday. When I heard of the price increase coming a few weeks ago I've stocked up big time with a buy one get one free sale a local grocery store had. I have I think 40 16.3oz jars now

 

[wirednuts]

honestly i dont even remember last time i bought peanut butter. i have chrons so its not the best for me for one, and secondly i dont even like it that much. i can do a pbj once and awhile but thats about it. i dont like peanut butter flavored anything, and i even dont like recees pieces and the likes...

 

[TecHNooB]

let me know when there's a rice shortage.

 

[Lazlo Panaflex]

C'mon, Harvey looks out for us...cut him some slack, mmkay? :thumbsup:

Thanks Harvey! :beer:

 

[Fallengod]

Is peanut butter a better thermal compound for CPU's?

 

[Schmide]

I haven't bought peanut butter in years, yet this makes me want to stock up on it?

 

[nyker96]

I bet the OP probably stocked 400 cases of this stuff in his basement waiting to make a tidy profit ;]

 

[SunRey]

Thank You!

 

[imaheadcase]

let me know when there's a rice shortage.

Already a rice shortage in america, cause we don't eat much of it.

 

[Spike]

does it have HDMI?

 

[highland145]

Guess I better stock up, a peanut butter sandwich and a cup of coffee is my standard breakfast.

This.

 

[cubeless]

I haven't bought peanut butter in years, yet this makes me want to stock up on it?

we could corner the market if we all get together and clear the shelves!!!

 

[GotIssues]

Is peanut butter a better thermal compound for CPU's?

Yes, and if you use chunky, you don't even need a HSF.


I heard about this about a week ago. The wife likes to use PB in baking, but always forgets that we HAVE peanut butter, so she accidentally pre-emptively stocked up with 4 jars.

 

[dbcooper1]

Is peanut butter a better thermal compound for CPU's?

Creamy- pretty good; crunchy- not so good..