Peanut butter prices predicted to drop; get your jelly ready

Peanut butter prices were impacted after droughts throughout the country damaged crops, causing a decrease in the production of jelly’s best friend. Brands such as Jif and Skippy are well known by parents wanting to feed their children a quick meal. How will prices change now that crops are more plentiful? Sources predict prices will drop, thereby increasing demand for peanut butter again.

President of the American Peanut Council Patrick Archer discusses this year’s vision:

“After last year’s small crop, we saw peanut butter prices on average rise 30 percent or more,”

“With this year’s excellent crop, the supply and demand should come back into balance and peanut butter prices should come back to a more normal level at the retail level.”

Many families turn to peanut butter and jelly sandwiches because they offer quick, healthy meals for their children. More and more, peanut butter, as pointed out by a Huffington Post article, has become a staple in the American diet.

peanut butter prices may drop Source: Huffington Post

Video Credit: YouTube

Did you notice an increase in the price of peanut butter? What is your favorite peanut butter brand? Will you be making more PB&J sandwiches if the prices really do drop later this year?

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