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.
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?