And some varieties won't be available at all--at least for awhile:
Peanut-Butter Makers Face Crunch
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.
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.
Kraft Foods Inc., which launched Planters peanut butter in June, is raising prices 40% on Oct. 31, a spokeswoman said....
...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.
Peanut-Butter Makers Face Crunch - WSJ.com
Peanut-Butter Makers Face Crunch
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.
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.
Kraft Foods Inc., which launched Planters peanut butter in June, is raising prices 40% on Oct. 31, a spokeswoman said....
...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.
Peanut-Butter Makers Face Crunch - WSJ.com