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    The Looming Peanut Butter Riots
    By Hank Campbell | October 14th 2011 04:33 PM | 10 comments | Print | E-mail | Track Comments
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    On Halloween, your Planter's peanut butter is going to skyrocket in price; as much as 40%.  I predict riots that will make this Wall Street 1% stuff pale in comparison because all of them eat peanut butter (and Ramen) and a whole lot more of us as well. Maybe not. We once thought Americans would not tolerate $4 gas either, cheap gasoline was such an American right that some claimed George Bush went into Iraq for cheaper oil (yet when the price of oil rose, they claimed he went into Iraq to make oil more expensive for his buddies - life is good when you just make stuff up) but people are fine with expensive gas and rampant unemployment so far.  CO2 emissions are down, at least, so that is a big win for global warming.

    Yet peanut butter may be the straw that breaks that proverbial camel's back. 

    Kraft apparently doesn't care about America, they care about peanuts, and a ton of runner peanuts shot up to $1,200 from $450 a year ago due to a poor harvest this year.  Blame the drought in the southern US when your PB&J becomes a luxury item.   The Chinese can't possibly grow enough peanuts in time to save us.

    How does a 13% drop in peanuts equate to a 40% increase in peanut butter? It's the miracle of capitalism.  In another capitalism miracle, look for Jif and Peter Pan to watch the price increases closely.  If Kraft is still selling anywhere near as much Planters peanut butter as they were this week, they'll all raise prices.

    Marion Nestle, a nutrition professor at New York University, told CNNMoney less peanut butter shouldn't impact the average consumer. "For the average person in America, it would be a good idea to eat less of almost everything."

    I agree, I just wish the drought had impacted broccoli or something I don't like. Next year look for price spikes in soy and corn when all those farmers switch to peanuts.

    Comments

    Bonny Bonobo alias Brat
    Yuk,  peanut butter, do you really want to eat it
    My article about researchers identifying a potential blue green algae cause & L-Serine treatment for Lou Gehrig's ALS, MND, Parkinsons & Alzheimers is at http://www.science20.com/forums/medicine
    do you really want to eat it?
    Although peanuts tend to have more aflatoxins than the average food, there are a lot of other foods(other nuts, flour, chili peppers etc) that contain them too. But the levels are regulated in Canada ---and I imagine in other countries too. Health and Welfare quotes a limit of 15 micrograms per kg , which equals 15 parts per billion.

    Just place a thin layer of peanut butter, topped with fried bananas on thick Italian bread. To die for!

    I love peanut butter but I stopped eating it a while ago because it's really not a necessary food, It's more of a luxury and it was expensive at the time compared to what I could but with the same amount of money. And now you're telling me it's going to get more expensive? It won't have any affect on me but that's too bad.

    You have a far greater chance of dying in a car accident than you do from aflatoxin. In fact living for a little bit more than 30 minutes increases your chance of death as much as eating 40 tablespoons of peanut butter. That's a lot of peanut butter. Peanut butter is fine. By the way, broccoli is great with a little margarine and parmesan cheese sprinkled on top.

    http://en.wikipedia.org/wiki/Micromort

    rholley
    Remember this?

    'I'm President,' So No More Broccoli!



    I seem to remember there were protests by the broccoli growers.
    Robert H. Olley / Quondam Physics Department / University of Reading / England
    And since the tastes of Presidents have a great influence on American life, many nervous nutritionists and thrilled junk food addicts are now wondering whether the exceedingly healthy Mr. Bush might singlehandedly reverse the trend toward smaller portions, nouvelle cuisine, and low-calorie snacks. After all, when Mr. Bush expressed a taste for pork rinds, sales jumped 11 percent and he was ordained ''Skin Man of the Year'' by pork-rind makers.
    The article was from 1990. Did trends reverse after Bush Sr's tenure in office?

    Broccoli also tastes better with squeezed lemon, or if it's cut into thin slices and placed in a roasted cheese sandwich eaten with a glass of wine.

    Broccoli is low in sugar, contains sulfur compounds and it has an unappealing texture, which is why it's not popular, but it's a decent source of potassium and calcium ions, vitamin C and the 14th or 15th best source of protein and vitamin A among popular nuts and vegetables. (source coming up in a future article)
    Bonny Bonobo alias Brat
    Really? I think brocolli has a nice texture and that its very pretty because it looks like little trees. It was one of the few vegetables that I could get my kids to easily eat because of this.
    My article about researchers identifying a potential blue green algae cause & L-Serine treatment for Lou Gehrig's ALS, MND, Parkinsons & Alzheimers is at http://www.science20.com/forums/medicine
    Gerhard Adam
    I can't help but feel that it's a bit pathetic that people's lives are so empty that the mere mention of a food brand by a president would result in increased sales.  The same thing occurred with the pet dogs the presidents acquired.  I can't even begin to imagine the thought process that would be necessary to reach those kinds of decisions.

    Mundus vult decipi
    MikeCrow
    Mmmmmmm, Pork Rinds........
    Never is a long time.
    How does a 13% drop in peanuts equate to a 40% increase in peanut butter?

    By virtue of having inelastic demand at that price.

    Becky Jungbauer
    Hopefully people bought their Halloween candy before now, since Snickers and Reese's prices may consequently go up too.