Sriracha Is Selling For Astronomical Prices

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For almost a decade, Americans have loved Sriracha chili sauce. In 2009, Bon Appetit named the spicy Thai-style sauce "Ingredient of the Year" after it was first introduced in Asian supermarkets in 1980.

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Its flavor inspired chips, nuts, popcorn, salad dressing, and yogurt spin-offs.

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It's probably never been this popular. Fans are searching for the green-capped rooster bottles due to a supply shortage.

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Huy Fong Foods' renowned condiment is selling for "exorbitant prices" on eBay and Amazon due to scarcity.

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The site says $5 bottles are now $30 or more.

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One 28-ounce bottle went from $30 to $75 on Thursday. A 12-pack of the same-sized bottles had a top bid of $415, up 137% from $175.

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Huy Fong blamed the "unprecedented inventory shortage" on "unexpected crop failure from the spring chili harvest." "We are still endeavoring to resolve this issue," the business stated.

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We wish our clients a successful fall season and appreciate their patience and support during this challenging period."

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Huy Fong's chili shortage, according to California pepper farmer Craig Underwood, was "self-inflicted." In 2019, Underwood obtained a $23 million breach of contract judgment against Huy Fong.

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While Huy Fong struggles to satisfy demand, Underwood is one of numerous producers selling Sriracha sauce.

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