The shortage of Huy Fong Foods’ Sriracha, a popular brand of red hot sauce, has been ongoing for several years due to a lack of chili pepper supply. As a result, fans are finding it difficult to find the product on store shelves, and third-party resellers are taking advantage of the situation by increasing prices. On platforms like Amazon, eBay, and Walmart, prices for a single bottle of Huy Fong Sriracha can range from $20 to $150. The company has cited shortages of raw materials as the reason for the limited supply, but they have not provided an estimate of when the situation will improve. Some experts attribute the shortage to climate change and extreme drought in the regions where Huy Fong sources its peppers. However, others suggest that the company may need to establish relationships with new growers to ensure a steady supply. Huy Fong currently sources its chili peppers from farms in California, New Mexico, and Mexico. In the past, they had a partnership with Underwood Ranches, but the relationship ended in a dispute. Despite claims of climate-related shortages, Underwood Ranches maintains that there has been a continuous supply of jalapeño peppers from Mexico. The scarcity of Huy Fong Sriracha has led to increased prices on the market, as consumers hoard the product and resellers take advantage of the high demand. In contrast, other hot sauce brands have not faced the same supply issues and remain readily available at reasonable prices. The reasons for this include having multiple suppliers and using different pepper variants. However, finding new suppliers or developing new pepper variants would take time. In conclusion, the shortage of Huy Fong Sriracha is a result of various factors, including climate change, supply chain issues, and consumer behavior.
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