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Food News: The Price of Peanut Butter is on the Rise

Food News: The Price of Peanut Butter is on the Rise

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Even though most schools are now nut-free, peanut butter remains a staple in many Canadian households. It seems, though, that due to a dry and hot summer, as well as some farmers in the south choosing to plant cotton instead of peanuts, the price of peanuts is about to skyrocket—as much as 40 percent by November.

According to The Wall Street Journal, “The U.S. Department of Agriculture estimates the current spot price for a ton of unprocessed Runner peanuts, commonly used in peanut butter, at about $1,150 a ton, which is up from about $450 a year ago. A pound of shelled peanuts, meanwhile, would fetch $1.20 currently, one broker said, up from 52 cents a year ago.”

We recommend stocking up on peanut butter while you still can. Or, alternatively, you can look into some of these peanut butter alternatives.

Almond butter. Almond butter has a similar taste to the real deal, and is an excellent source of vitamin E, magnesium and protein. It’s also a great source of fibre.

Sunflower butter. Made from sunflower seeds and vegetable oil, sunflower butter is a great peanut butter alternative. It resembles peanut butter in texture and taste, and delivers twice as much fibre.

Soy butter. Soy butter is rich in antioxidants and protein and low in saturated fat. It also tastes great too!

Cashew butter. This nut butter contains iron, which, combined with its high protein content, will give you tons of energy. It’s also rich in vitamin B and has less fat than most other peanut butter alternatives.

Will you still buy peanut butter for your family if the prices are significantly higher? Or will you seek out some alternatives?

 

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