Watch for prices of peanut butter to rise by at least 30 percent starting in November. The cause? The wea
.
HERE'S AN EXCERPT:
Consumers fed up with the higher cost of filling up their cars and buying their morning java might now have to pay more for their PB&J.
Scorching hot, dry weather in the major peanut-growing states like Georgia and Texas has devastated this year's peanut crop.
Some plants shriveled before they could produce peanuts, while other plants got too hot to mature into anything edible. And some of the plants that did mature developed a toxin that makes them more difficult to process.
The U.S. Department of Agriculture is predicting this year's peanut crop could be about 3.61 billion pounds, 13 percent smaller than last year's 4.16 billion pounds.
Bottom line: Consumers will see higher prices on peanuts and peanut butter at least through the winter.
Patrick Archer, president of the American Peanut Council in Alexandria, Va., said that although a lot could change between now and harvest, price hikes at the supermarket are inevitable.
GO H
What this means for the consumer and the couponer:
1. Watch for BOGO deals to be a little bit higher, and make sure you watch for coupons.
2. Watch for prices to be higher at Aldi and Sam's as well.
3. When you see a sale you'll need to stock up before the price increase. You will more than likely have to adjust your stock up price list to account for the increase.