Bottles of Sriracha have skyrocketed to as much as $120 on the internet as maker Huy Fong Foods continues to grapple with chili shortages.
Current prices: Earlier this week, it was reported that some supermarkets in California — where Huy Fong Foods is headquartered — have been selling the beloved Asian sauce for about $30, along with a two-bottle limit for each customer.
Meanwhile, online prices have gone exorbitant: Over at eBay, a last standing 28-ounce bottle is currently selling at $48.99, while those looking for a “discount” can find two 28-ounce bottles selling at $105 ($52.5 per bottle).
Prices are much higher on Amazon, with one seller recently hawking two 28-ounce bottles for $124 ($62 per bottle). Last week, one Twitter user also shared two packs of 17-ounce bottles selling for a staggering $179.99 (about $90 per bottle).
How it’s come to this: Before all this happened, a 17-ounce bottle of Huy Fong Foods’ Sriracha cost $3.99.
But that price tag is long gone as the manufacturer faces an unprecedented chili shortage, which is now in its third year. The problem has been linked to rising temperatures and resulting droughts in California, New Mexico and Mexico, where the company sources its chili peppers.
What Huy Fong Foods is saying: Unfortunately, there is no end in sight for the chili shortage. Huy Fong Foods said it recently resumed limited production, but there is still a lack of raw materials.
“Although some production did resume this past fall season, we continue to have a limited supply that continues to affect our production. At this time, we have no estimations of when supply will increase,” the company said in a statement.
It also thanked
patrons for their continued support: “We are grateful for your continued patience and understanding during this unprecedented inventory shortage. We are currently working on trying to avoid future shortages.”