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Article: Peanut Butter Sales Increase During Time of Normally Low Sales.
- Article from:
- Food & Drink Weekly
- Article date:
- January 31, 2000
CopyrightCOPYRIGHT 2000 Informa Economics, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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With the Y2K pantry stock-up, peanut butter sales climbed 2 to 3 percent in October and November, a period when grocers usually see a 5 percent drop, according to the Peanut Advisory Board, which represents growers in Georgia, Alabama and Florida. The board is not completely convinced the increase was related to Y2K stockpiling, but there was nothing else going on in the marketplace to indicate otherwise, it said.
The unexpected sales surge is one of several positive signs for peanuts, a major Southern crop that was battered in the 1990s by consumer fears over its fat content, a controversy over peanut allergies and a drop in government purchases for domestic ...