Peanut butter prices go nuts after bad harvest
November 1st, 2011
09:15 AM ET
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Trick-or-treaters might want to hold on to those Reese's Cups this Halloween as sharp increases in peanut butter prices have begun going into effect following one of the worst peanut harvests in decades.

Kraft raised prices for its Planters brand peanut butter by 40% starting Monday, while ConAgra has instituted increases of more than 20% for its Peter Pan brand that went into effect last month.

J.M. Smucker, which makes Jif, will introduce price hikes of around 30% starting Tuesday.

Consumers, meanwhile, are already seeing these increases reflected at grocery stores.

Read Peanut butter prices skyrocketing and PB&J and Me

soundoff (4 Responses)
  1. timmy

    peenut buter!lol!

    November 1, 2011 at 10:59 am | Reply
  2. Truth

    Oh Nuts!

    November 1, 2011 at 9:39 am | Reply
    • RichardHead

      Sometimes I feel like a Nut, Sometimes I don't......

      November 1, 2011 at 11:04 am | Reply

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