Grape nut prices soar online amid scarcity caused by coronavirus

The coronavirus caused yet another shortage.

Grape-Nuts – owned by Post Consumer Brands – has faced a shortage of products, which means people are having a hard time finding cereal in stores.

As a result, online prices have skyrocketed as the company works to put the grape nuts back on the shelves.

On Friday night, a four-ounce package of 29 ounces of Grape-Nuts was being sold for $ 54.99 on Amazon. A two-ounce, 29-ounce box of Grape-Nuts was selling for $ 39.99 on eBay.

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Meanwhile, a 64-ounce box of Grape-Nuts was being sold for $ 110.90 by a third party seller at Walmart.com.

Grape-Nuts is experiencing a shortage of products, which is causing online prices to skyrocket. (iStock)

The manufacturer’s suggested retail price for a 29-ounce box 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,” says the Grape-Nuts website. “We are currently experiencing a shortage of products and we are unable to fulfill orders for this item due to adjustments in our production schedules and production availability.”

According to the website, Grape-Nuts should 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, Grape-Nuts brand manager Kristin DeRock told USA Today that the product shortage was caused by “supply constraints and increased demand for cereals in the midst of the pandemic”

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Although the shortage of Grape-Nuts has been getting attention recently, its sister cereal, Grape-Nuts Flakes, also appears to have failed late last year. The brand commented in one of its own posts in September saying that Grape-Nuts Flakes can be hard to find in stores.

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“Grape Nut Flakes may be out of stock for a while due to adjustments in our production schedules to ensure that the most in demand items are available,” wrote the brand. “We know it’s frustrating when you can’t find the products that you and your family like.”

“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 hope that our grape nut flakes will be available again from October.”