You will now need to pay more for that jar of peanut butter
Another hot, dry summer has devastated this year’s peanut crop, sending prices for the legume skyrocketing and forcing peanut-butter brands
says the Wall Street Journal.
ABC KOAT reports that heat, strong winds and dryness that caused the failure of the peanut crop.
Peanut butter could now cost 30-40% more than last year because of the failed crop. So, you will need to pay about 94 cents more for the next jar of peanut butter.
Also, due to the shortage of peanuts, you may not find your favorite variety as brands like Smucker may host only a limited variety till next January.
The quality of the crop is also being questioned as also the fact whether your favorite peanut butter will continue to taste the same.
This could cause widespread buying of peanut butter as people will stock their shelves before the next batch comes in.
