Higher prices are expected for peanut butter

09/12/2011 | Plain Dealer (Cleveland), The

Prices for peanut butter and peanuts are expected to increase after heat caused crop devastation in peanut-growing states including Georgia and Texas. "Our peanut costs will be significantly higher as we end calendar year 2011," said Vincent Byrd, president and chief operating officer of J.M. Smucker. The company's Jif brand commands 45% of the peanut butter market.

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Plain Dealer (Cleveland), The

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