According to The Wall Street Journal, a hot, dry summer has devastated this year’s peanut crop, sending prices skyrocketing and forcing peanut butter brands into startling price increases. Wholesale prices for J.M. Smucker’s Jif are going up 30% starting in November, while ConAgra Food’s Peter Pan will raise prices as much as 24% in a couple weeks. Kraft Foods Inc., which launched Planters peanut butter in June, is raising prices 40% on Oct. 31, a spokeswoman said.

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