A shortage of Huy Fong Foods’ Sriracha hot sauce has caused the online price of a single bottle to soar to as much as $70. This surge in price has led some to realize that they could invest in well-known S&P 500 companies for a lower cost.
The scarcity of Sriracha sauce is a result of a chili pepper shortage faced by Huy Fong Foods over the past year due to extreme weather conditions. The company expressed their inability to produce any of their products without the essential chili pepper ingredient in a letter to customers in 2022.
As a result of this shortage, bottles of Sriracha sauce are being sold on eBay for exorbitant prices. One seller even listed a 28 oz 15-pack for a staggering $955.55. The prices on Amazon are not any better, with a 17 oz two-pack selling for as much as $129.99 and another seller pricing a 28 oz two-pack for $87.
However, when compared to the prices of certain blue-chip US stocks, the high cost of Sriracha sauce seems even more absurd. Shares of Coca-Cola and Pfizer are priced at $60.58 and $68.10 respectively, while Pfizer is significantly more reasonable at $36.72 a share. Citigroup and Bank of America stocks are also priced lower than a single bottle of Sriracha, at $46.74 and $29.2 respectively.
Despite the surge in prices for Sriracha sauce and the increasing investment appetite for US stocks due to the AI-fueled tech boom, there is still an opportunity for Sriracha lovers to find a silver lining. Instead of spending a large sum of money on expensive sauce bottles, individuals could consider investing their money wisely in these lower-priced blue-chip stocks.
In conclusion, the shortage of Sriracha sauce has led to a surge in its online price, with bottles being sold for as much as $70. However, when compared to the prices of certain blue-chip US stocks, the cost of Sriracha seems excessive. This presents an opportunity for Sriracha lovers to consider investing their money in these lower-priced stocks as an alternative.
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