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To: Ilaine who wrote (81640)10/19/2011 7:07:40 PM
From: Snowshoe  Read Replies (1) of 218131
 
Bad news for people on a budget...

Peanut Butter Price Jumps After Worst Peanut Harvest In 30 Years (10/10/11)
huffingtonpost.com

If you thought living on peanut butter and jelly sandwiches could get you through the recession, think again. The sandwich spread is seeing a major price hike.

Thanks to a failing peanut crop due to last summer's scorching hot weather, there's a shortage of peanuts in supply. Big brands like Peter Pan, Jif and Smucker's are left with little choice but to raise prices, reports the Wall Street Journal.

The price jumps range from 24 to 40 percent, with Jif planning to raise prices by 30 percent in November and Peter Pan by up to 24 percent in the coming weeks, reports MarketWatch Radio.
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