Posts Tagged ‘peanuts’

  • Peanut prices respond to demand and supply

    Peanut Butter Economics

    Oct 20, 12 • 124 Views • Businesses, Demand, Supply, and Markets, Economic History, International Trade and Finance, Macroeconomic Measurement, Thinking Economically, UncategorizedNo Comments

    Last year, we had a peanut shortage. As a result, Skippy raised its prices and Smucker’s removed its reduced-fat creamy peanut butter spread from supermarket shelves. But now, supply has responded. Predicting a record year, the USDA says the peanut...

  • Peanut prices respond to demand and supply

    Peanuts or Cotton?

    Oct 12, 11 • 115 Views • Businesses, Demand, Supply, and Markets, Thinking EconomicallyNo Comments

    Farmers decided to plant fewer peanuts when cotton prices soared. The result? Now peanut prices are skyrocketing. Here is the story. Perhaps it all began with higher cotton prices. Responding, peanut farmers switched some acreage to cotton. Combine that...