Sriracha hot sauce shortage leading to sizzling price surge

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Sriracha hot sauce shortage leading to sizzling price surge
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It\u0027s not just you. Sriracha is hard to come by these days \u002D\u002D at least for one popular brand.

Here’s what you need to know.Experts say that Huy Fong’s shortage is partially a consequence of climate change — pointing to weather shifts and extreme drought in Mexico and the U.S. Southwest, where Huy Fong sources all of its chile peppers.

The impact of climate change on supplies of peppers has become more regular in recent years, however, for Huy Fong and for farmers. When Huy Fong suspended sales last year, it pointed to a 2020 email warning of a chile pepper shortage, noting that a lack of supply had become more severe due to recent weather conditions.The erosion of available supplies has rocked the prices of Huy Fong Sriracha that is still available.

Before sourcing from these farms, California-based Underwood Ranches was Huy Fong’s sole supplier for nearly 30 years. The partnership collapsed in 2017 following a financial dispute. Two years later, a jury determined that Huy Fong breached its contract with Underwood Ranches and also committed fraud — awarding Underwood $23.3 million.Article content

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