Peanut Shortage Could Make Favorite Sandwich Costly
The peanut butter sandwich is likely to get a little more expensive. The U.S. Department of Agriculture is predicting something of a peanut shortage.
A drought in the southern states is to blame for lower crop yields this year — 13 percent lower, the USDA predicts. Makers of Jif, the brand that accounts for almost half of all peanut butter sales in the country, have already announced a 30 percent increase in the price by the end of this year.
A 28-0z jar of Jif peanut butter costs $5.49. If predictions are right, that same jar will go up about $1.65, making each jar more than $7. What’s next Jelly?