Biz: Peanut butter cups run dry? Prices increase on the nutty stuff
- $450 the price per ton of runner peanuts, the kind of peanuts generally used to make peanut butter, last year
- $1,200 the price per ton of runner peanuts this year, according to the U.S. Department of Agriculture source
- » Raise prices? That’s nuts! The result of a fairly weak peanut harvest? You might have to reach for another product next time you want to make a sandwich. Kraft plans to raise prices of its Planters peanut butter by 40 percent next month; Peter Pan, the peanut butter that never grows up, will fly to a 20 percent higher price, and damn skippy, the makers of Skippy are watching the situation closely. The spread on this one is that it’s pretty likely your cookies are going to be less awesome next time around. Bummer. We kinda like your cookies.
