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The coronavirus has caused another shortage.
Grape-Nuts – owned by Post Consumer Brands – is experiencing product shortages, which means people are struggling to find the grain in stores.
As a result, prices online have skyrocketed as the company strives to put Grape-Nuts back on the shelves.
On Friday night, a four-box 29-ounce pack of Grape-Nuts was selling for $ 54.99 on Amazon. A two-pack of 29 ounces of Grape-Nuts sold for $ 39.99 on eBay.
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Meanwhile, a 64-ounce can of Grape-Nuts was selling for $ 110.90 from a third-party seller on Walmart.com.
Grape-Nuts is experiencing a shortage of products, causing prices online to skyrocket. (iStock)
The manufacturer’s suggested retail price for a 29-ounce can is just $ 4.99, according to the New York Times.
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“We are sorry that you are having trouble locating this product, we would like to inform you that it has NOT been discontinued,” the Grape-Nuts website states. “We are currently experiencing a shortage of products and are unable to fill orders for this item due to adjustments to our production schedules and production availability.”
According to the website, Grape-Nuts is expected to be back in stores “sometime in March 2021”.
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Post Consumer Brands did not immediately respond to FOX Business’s request for comment. However, Kristin DeRock, head of the Grape-Nuts brand, told USA Today that the product shortage was caused by “supply constraints and increased demand for grain amid the pandemic.”
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While the grape-nut shortage has gained attention recently, its sister cereal, grape-nut flakes, also appeared to have a shortage late last year. The brand commented on one of its own posts in September, saying grape-nut flakes might be hard to find in stores.
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“Grape nut flakes may be out of stock for some time due to adjustments to our production schedules to ensure availability of the most requested items,” the brand wrote. “We know it’s frustrating not to find the products you and your family enjoy.”
“Please know that our team members are working hard every day to safely produce and ship products to our consumers during this unique time of high demand,” added the brand. “We expect our grape nut flakes will be available again from October.”
| Teleprinter | security | Latest | Change | % Change |
|---|---|---|---|---|
| PUBLISH | POST HOLDINGS INC | 94.85 | -2.30 | -2.37% |
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