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Heads-Up: Peanut Butter Prices about to Skyrocket
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<blockquote data-quote="clueless" data-source="post: 889322" data-attributes="member: 15572"><p>And some varieties won't be available at all--at least for awhile:</p><p></p><p><em>Peanut-Butter Makers Face Crunch</em></p><p></p><p><em>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.</em></p><p></p><p><em>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., said wholesale prices for all brands it carries, including Skippy, are 30% to 35% higher than a year ago.</em></p><p></p><p><em>Kraft Foods Inc., which launched Planters peanut butter in June, is raising prices 40% on Oct. 31, a spokeswoman said....</em></p><p></p><p><em>...Smucker, the world's largest peanut buyer, is taking action to make sure it has enough peanut butter to stock shelves. It temporarily stopped making eight varieties in certain sizes, like 40-ounce jars or reduced-fat creamy spread, which won't be available again until January.</em></p><p></p><p><a href="http://online.wsj.com/article/SB10001424052970203476804576617201300103560.html" target="_blank">Peanut-Butter Makers Face Crunch - WSJ.com</a></p></blockquote><p></p>
[QUOTE="clueless, post: 889322, member: 15572"] And some varieties won't be available at all--at least for awhile: [I]Peanut-Butter Makers Face Crunch[/I] [I]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.[/I] [I]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., said wholesale prices for all brands it carries, including Skippy, are 30% to 35% higher than a year ago.[/I] [I]Kraft Foods Inc., which launched Planters peanut butter in June, is raising prices 40% on Oct. 31, a spokeswoman said....[/I] [I]...Smucker, the world's largest peanut buyer, is taking action to make sure it has enough peanut butter to stock shelves. It temporarily stopped making eight varieties in certain sizes, like 40-ounce jars or reduced-fat creamy spread, which won't be available again until January.[/I] [URL="http://online.wsj.com/article/SB10001424052970203476804576617201300103560.html"]Peanut-Butter Makers Face Crunch - WSJ.com[/URL] [/QUOTE]
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