ECONOMY & WORK
MONEY 101
NEWS
PERSONAL FINANCE
NET WORTH
About Us Contact Us Privacy Policy Terms of Use DMCA Opt-out of personalized ads
© Copyright 2023 Market Realist. Market Realist is a registered trademark. All Rights Reserved. People may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.
MARKETREALIST.COM / NEWS

$70 a Bottle! Sriracha Prices Are On Fire Amid Shortage Linked To Droughts In Mexico

A California-based company Huy Fong Foods, Inc said that droughts are affecting chili production in Mexico, leading to the shortage.
UPDATED JAN 22, 2024
Getty Images | Justin Sullivan
Getty Images | Justin Sullivan

The droughts in Mexico are affecting chili production, which is behind the shortage as well as the rising prices of your favourite sriracha sauce, according to reports. Some resellers on platforms like Amazon and eBay are listing the bottle at astounding prices. One of the sellers addressed the sauce as Rooster Sauce (a reference to their logo) and sold the bottle for $30 plus shipping, per Fox Business. Another seller sold single 9-ounce bottles for $26.98, a 17-pack for $54.49 and a 28-ounce pack of two for $71.99, per the outlet.



 

Californian-based Huy Fong Foods said that the shortage could last all summer till September in a letter sent to wholesale buyers. The company noted that it will not be getting any more orders before September because it won't have sufficient inventory to ship the orders. So if you can't find it on the shelves of department stores there is a good chance that you might have to wait a few months before you could buy it once again.

It's getting harder and harder to find with each passing day. So, if you think that you can get your hand on legitimate sriracha sauce online, then now might be a good time to hoard some hot sauce. However, there is a good chance that you might only find close duplicates but not the original sauce.

Gena Cox, a psychologist and executive coach, called herself a 'sriracha hoarder' who would not pay $30 for it. She stocked up on the iconic sauce ever since she heard of the shortage in 2022 and now has a sufficient supply of it. Others like Caleb Chen from Nevada, who runs a cannabis review website, told Fox Business he would buy a $30 bottle of sriracha "in a pinch".

Getty Images | Justin Sullivan
Getty Images | Justin Sullivan

If you can't get your hands on sriracha, you could always make do with Tabasco Pepper Sauce, Tabasco Sriracha Sauce, Tapatio hot sauce, Louisiana hot sauce and Choluta hot sauce. 

Climate Change Behind Shortage of This Hot Sauce?

This is not the first time that the hindrance in Mexican chili production created a shortage of hot sauce. Mexican pepper is sensitive to weather conditions. The region that is known for growing good-quality sriracha is facing a mega-drought, the worst in more than 1,200 years. 

"These red jalapeños are only grown during the first four months of the year, and they need very controlled conditions, particularly constant irrigation,” Guillermo Murray Tortarolo, a climate and ecosystems researcher at the National Autonomous University of Mexico told NPR. This was worsened by two consecutive La Niña that the region experienced.

La Niña is an atmospheric phenomenon that is a colder version of El Nino. The phenomenon makes the regions warmer and drier and affects crops to quite an extent. 



 

Agriculture is a crucial part of the US economy. Crops and other livestock add more than $300 billion to the nation's economy each year. A study by the United States Environmental Protection Agency found that rising CO2 can also deplete the nutritional value of any food crop including soybeans, rice and wheat by reducing the concentration of protein and other minerals in most plants.

The study notes how it can dictate food shortages and reduce access to quality food on an international scale. The impact that climate change causes on the global food supply will also affect the prices internally.

MORE ON MARKET REALIST
While Toni Perrotta didn't land on the big prize, she got to drive home a Toyota sports car
16 hours ago
The Turkey Dinner Kit has got rave reviews from customers on social media already.
17 hours ago
The contestant, Liz St. Claire got close to taking home nearly $75,000.
1 day ago
The contestant, Emily bet $10,000 on the item and ended up losing everything.
1 day ago
Members on Instagram called out the retailer for the exorbitant prices of seafood.
1 day ago
While the trend in consumers isn't that alarming, the same for businesses can trigger harm.
1 day ago
With the average gas price falling to a record low of $3.02 per gallon, millions are taking to the road.
1 day ago
Harvey made it clear why he won't be seen at a T-Swift concert with one of his friends.
2 days ago
The player, Tanequa Ward looked set to win the big prize at a point.
2 days ago
CEO Ted Decker claimed the decline in demand for home improvements will likely continue through 2025.
2 days ago
A post on Reddit sparked concerns as a member claimed the retailer had completely moved to the app.
2 days ago
The contestant, Melissa Mosel got a raw deal with her category choice and letter picks.
3 days ago
Both McMillion and John Furner, the next CEO of Walmart, touted the retailer's success with AI.
3 days ago
A single batch of Jeni's Splendid Ice Cream bars contain undeclared allergens in them.
6 days ago
With rising food, energy, and healthcare costs, state leaders are calling out the trade policies.
7 days ago
Harvey said it in response to another player who came up with an awkward answer.
7 days ago
The player, Greg Swiszcz lost a Toyota on a puzzle that previously cost a player $100,000.
7 days ago
John Furner, who serves as the Walmart US CEO will be tasked with leading an AI push at Walmart.
Nov 19, 2025
The contestant Matt Lee drove home a brand new Toyota RAV4 Hybrid after his big win.
Nov 19, 2025