Prepare To Pay More
For Peanut Butter!

Love peanut butter? Be prepared to pay more for it. The price of peanut butter is going up. Find out why.

peanut butter price increase

 

Thanks to a peanut shortage, you're going to pay more for your beloved Skippy in the near future. Time reports that the price of peanuts is on the rise, which means that peanut butter manufacturers are paying more for the key -- and often only -- ingredient in peanut butter. As it usually goes, you can expect that cost to be passed onto you.

Exactly how much more expensive is peanut butter going to be? Well, we're not talking peanuts here. The estimate ranges between a 25 and 40 percent peanut butter price increase. Ouch.

The peanut shortage is traced back to last spring, according to Time, when farmers saw dollar signs in their fields... in the form of cotton. Cotton sold at record-high prices last spring, so many farmers decided to plant cotton instead of peanuts.

Add some bad luck to the mix -- disease and drought in the peanut fields that existed -- and we're short on peanuts. The current economy isn't helping, either, as peanut butter has become more popular in the past few years, thanks to the reasonably priced protein it provides.

Peanut butter alternatives

What are peanut butter lovers to do? Well, there are a few peanut butter alternatives. While some are generally more expensive than peanut butter, this upcoming price hike might give you a reason to try them out.

Almond butter

Almond butter is a tasty, healthy alternative to peanut butter. It's packed with vitamin E, protein and monounsaturated fats (fabulous for heart health).

Try these delish almond butter recipes >>

Sunflower seed butter

Made from sunflower seeds and vegetable oil, one serving of this peanut butter alternative delivers 70 percent of your daily vitamin E requirement. Sunflower seed butter also contains twice the fiber as peanut butter.

Make your own homemade sunflower butter with this great recipe >>

Soynut butter

Never heard of soynut butter? You're probably not a vegan! Soynut butter is made from roasted soybeans. The texture is similar to that of peanut butter, but soynut butter doesn't contain any cholesterol.

More peanut butter alternatives

Feeling adventurous? There are many peanut butter alternatives. You can try sesame seed butter (tahini), pumpkin seed butter (good timing!), macadamia nut butter, cashew butter and more.

Tell us: Will you continue to buy peanut butter if the price increases? >>

Tags: almond butter recipes

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Comments

Comments on "The price of peanut butter is going up"

Diane December 04, 2012 | 7:10 AM

I had been wondering why peanut butter was so expensive all of a sudden. I use to be able to get let's say a 1kg Kraft peanut butter jar on sale for $2 - 2.50 which was a really good price. I haven't seen that since March of 2012. Now it's more than double that on sale let alone regular price. At Costco the 2kg jar of Skippy is around $8 and I use to be able to get a 2kg jar there for like $5 or less if on sale. I still buy it but I look for sales and use coupons where I can when I find them for peanut butter which are rare. I love peanut butter way too much to stop buying it and I will not use an alternative because it just isn't the same. I find that, and this is just my opinion of course, that the companies that make peanut buter and there are plenty of them, are simply using this so-called peanut shortage as a reason to hike up prices on a popular product that to their opinion might have been priced to low and they seen it as a possible means of making more money. It's kinda like the gas prices, they go up but yet they let the public believe that there's a shortage when there really isn't. Same type of thing. Again this is just my opinion. Cheers to all peanut butter fans.

leslie January 16, 2012 | 8:18 AM

I just stopped buying it when a large jar of Jif went from around 3.79 a jar to 7.49 at Kroger! I thought it must have been marked wrong so I took it to the cash register to check. Had her put it back on the shelf.

Bob November 23, 2011 | 11:23 AM

My local market has raised the price on Teddie natural from $2.69 to 3.49 in the last couple of weeks.

Jose November 01, 2011 | 6:17 PM

Lets start a boycott on PB. Just another scam to get your $$$. What will be next? Everyone is turning out to be a crook anyway they can.

Erica October 18, 2011 | 10:58 AM

@Lois Diltz...I would not freeze it. That will make the oil separate and it probably would not be tasty anymore.

Lois Diltz October 16, 2011 | 10:07 PM

I eat a 2 tablespoon peanut butter sandwich every day for my health. I have quite a few things wrong and was advised in a daily menu from the hospital to do this. What I'd like to know is can it be frozen in the jar or could I freeze it in sturdy plastic bags? Lois

Anastasia Topping October 13, 2011 | 6:57 AM

I went and stocked up on this yesterday ... so, hopefully, what I bought will tide us through to another peanut crop.

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