Tuesday, November 6, 2012
Peanut butter prices headed down
High heat and drought caused a very poor peanut harvest in 2011, and prices of peanut butter soared upwards. Good news may be on the way for peanut butter and jelly sandwich eaters...prices on peanut butter may fall this winter as a bumper crop is harvested in 2012. The American Peanut Council reported that peanut farmers are expecting the harvest to beat last year by +66%. Critical to food banks which distribute a great deal of peanut butter for its nutritional value, lower prices will allow them to feed more people.
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