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Friday, 26 October 2012 08:53

Peanut Butter Prices Expected to Drop Featured

Written by  Staff
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We've seen grocery prices go up in a lot of areas... but here's one staple that you'll likely end up paying less for: peanut butter.

Peanut butter prices could end up falling 10-percent or more... u-s farmers expect to bring in two-thirds more peanuts this year than they did in 2011. The USDA thinks this year's harvest will be about 3-million-tons, up from last year's 1-point-8-million tons. Last year, a lot of peanuts dried up in the heat and drought... that sent prices skyrocketing, and so farmers planted more peanuts - and then they had almost perfect weather... and so they're getting more peanuts from their harvest.

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