Peanut Butter prices set to explode! 250% price increase coming

This is mainly for Canada, but this is gonna affect EVERYONE...

Peanut butter prices may soon rise in Canada

Picard’s farm and company — Picard’s Peanuts — also imports peanuts from the U.S. because they aren’t able to grow enough to meet its needs for peanuts to use in products such as specialty seasoned peanuts, snacks and sweet treats, including peanut brittle and homemade ice cream.

He’s expecting to pay 200 to 250 per cent more this season for raw stock peanuts himself. That’s over a $1 a pound increase in raw stock, he explained.

So if you’re a consumer looking to buy a 500 gram jar of peanut butter you’re looking at an increase in the neighbourhood of about a $1.00 to a $1.50, Picard forecasts.

Noooooooooooooooooooooooo. I love peanuts!

And this article was in October... prices have already started rising by 30-40%...
Peanut butter prices poised to soar this week

“The J.M. Smucker Company is the largest peanut butter manufacturer, and it announced that it was increasing its peanut butter prices,” Leslie Wagner, executive director of the Southern Peanut Growers, said during a telephone interview.

The J.M. Smucker Company, which produces Jif peanut butter, recently announced a 30 percent wholesale price increase beginning this month, according to a recent article by The Associated Press.

30% increase overnight... no biggie right?

Remember folks, inflation DOESN'T EXIST... because the government says so!

This isn't an example of inflation. This is classic supply and demand. The demand for peanuts is outstripping supply causing an increase in prices. Inflation would be that the supply and demand has remained unchanged, but the prices have increased.

reply to post by Vitchilo



Yeah, I heard about that. Though around here (Central NY) they're telling us to look at a 40% increase. Unbelievable. I love the stuff. So I've been stocking up on it, each time I go to the store I'll try and grab a jar or two.

My wife thought I was crazy because I've bought 2 large jars of peanut butter in the last week, but I told her an increase was coming.

Sure enough, I went to the store last night and that same jar for $4.99 is now $6.49.

Take that, wifey!

I'm addicted to PB.

On the news, they mentioned this, but can't remember if the price hike was supposed to take place this week or last week. A membership to a bulk food retailer isn't a bad idea.

Peanuts are good for us.... raise the price!
Vitamins are good for us... make them useless.
Food is extremely important to us... radiate all the foods and kill the nutrients.
Poor people have few vices, mostly cigarettes and liquor.... tax the Hell out of them.
People can barely afford much of anything.... good time to double prices for utilities.

I can go on for pages and pages, but who loves to torture us in every way possible? We are constantly being kicked when we are down, metaphorically and physically (OWS), so how much more are we going to take?

what timing...or synchronicity... peanut butter is a snack staple in my life...

the price goes up just when my COLA (cost of living adjustment) increases, come January 2012....
i can still afford the Store Brand... the National brands were out of my range already

reply to post by Vitchilo


NOOOOOOO!!!!! I love peanut butter sandwiches!!!!!

Supply and demand not inflation....

Luckily I just bought some peanut butter.


www.youtube.com...

reply to post by 8ILlBILl8


Supply and demand... or money printing. Doesn't matter. When the price of food rises, that is inflation.

Supply and demand... in Zimbabwe, when all the farmers were kicked out and the production fell off a cliff, and it caused crazy shortages and prices exploded, wasn't that inflation? Oh wait it was.

When crops fail and there's not enough to eat for everyone, therefore prices explode, isn't that inflation? Oh wait it is.

Less stuff for the same amount of money = inflation.

The reason given that there was not enough supply of nuts and thus the rise of price is not good enough.

Our planet has bounties, plenty of uncultivated agricultural lands yet, and along with advance science to improve yields, with technological advances to improve productivity.

Furthermore, it is not only USA that produces nuts, but all over the world. Famines, droughts, flood, quakes, DO NOT hit EVERY region AT THE SAME TIME DAILY 24/365 ! Thus, how could the supply be low?

Time for the suppliers and middlemen to cut their BS.

It is still one's choice to live without peanut butter. Within one or two months, when no one buys those stocks, they will be pleading and begging consumers to buy offering discounts and whatnots, and then begin their games again.

As a consumer, you dictate the terms, not the other way around and be led by the nose.

###SNIP###

My daughter works in retail grocery. She gets informed in advance when prices on items will rise. She lets me know and I buy up what I can of things that won't spoil quickly. Like peanut butter.

I live in peanut country is nothing but a big lie to boost prices peanuts were doing just fine in my neck of the woods even with the drought, but they dare to come in the news and tell that peanut production is low.

I am glad that I am not a big peanut butter eater, I like them roasted in the shell.

My daughter will have to buy her own peanut butter for now on as I am not about to pay the prices they are asking for.

I will eat more organic tofu.

Someone on ATS has a great recipe for home-made peanut butter that keeps for around a month in the fridge. Maybe we should all be making our own instead of buying it from huge, wealthy, lying, market-controlling corporations? I bet it tastes a whole lot better too, no artificial preservatives, flavourings or colours.

Geez, all the foods that used to be considered affordable for low income people are getting quite expensive!
Manipulation or supply and demand or inflation, whatever- it's breaking the camel's back. I'm regularly shocked at the rapidly rising prices of many foods, and see lots of other people having a rough time at the supermarket, and feel especially bad for those with growing kids.

Things sure have changed alot. Does anybody remember when chicken wings were free??

On another note, please be advised that peanuts can be contaminated with aflatoxin, so be careful about 'bargain' peanuts and products that may begin using them because of the price pressure. If it tastes at all weird, spit it out! Perhaps even rinse your mouth out. A typical concentration will not kill ya, but you'll feel bad and usually not know why. Headaches, tummy troubles, crankiness, maybe even psychosis may occur.

Something was said about the pecan market exploding too...

Something about the Chinese loving them and buying us out...hmmm....Chinese again aye?

reply to post by Vitchilo


Thats ok......it's cheaper to make my own anyhow

anyone want a receipe?

Well...I'll be buying a boat load of peanut butter in the next couple of days. It's a staple around here. I use it a lot in cooking Thai food, desserts, and make peanut butter, oatmeal, with wild bird seed suet bricks for the birdies for winter.

Oh no! Now how will I get my son to eat?! Peanut butter sandwiches are like one of the only things he is guaranteed to eat (that and mac & cheese). Time to stock up.