ALL NEWS

Sriracha sauce is selling for as much as $120 amid prolonged shortage

Jun 29, 2023, 1:30 PM

New York (CNN) — The prolonged shortage of a certain red sauce is making the black market go wild...

Due to a shortage of the chili peppers used to make Sriracha hot sauce, the popular condiment is becoming hard to find on store shelves. (Justin Sullivan/Getty Images via CNN)

(Justin Sullivan/Getty Images via CNN)

Originally Published: 29 JUN 23 10:30 ET
Updated: 29 JUN 23 12:26 ET

New York (CNN) — The prolonged shortage of a certain red sauce is making the black market go wild.

Prices of Sriracha sauce are as high as $70 on eBay as people look to snap up the spicy sauce — and they’re even steeper on Amazon, up to $124. Huy Fong Foods, which makes the rooster-adorned bottled sauce, has been dealing with a years-long shortage of the chilis, which is hurting production and causing some shortages.

A search on eBay shows prices for various sized bottles ranging from $39.98 for 17-ounce bottles to a 28-ounce bottle for nearly $70. In both instances, shipping is an additional fee, jacking up the price even more.

Prices are even higher on Amazon, where one seller is offering a 2-pack for $124. Of course, it’s unclear if anyone is actually paying these exorbitant prices, considering a 17-ounce bottle typically costs around $5.

The company recently told CNN that it’s still experiencing a shortage of raw materials. “Although some production did resume this past fall season, we continue to have a limited supply that continues to affect our production. At this time, we have no estimations of when supply will increase,” a Huy Fong spokesperson said.

“We are grateful for your continued patience and understanding during this unprecedented inventory shortage. We are currently working on trying to avoid future shortages,” the company added.

There’s been a shortage for the past three years, as Huy Fong has said that its chili peppers have consistently been in short supply. Last year, it temporarily stopped orders because of the shortage, which also affected its Chili Garlic and Sambal Oelek products.

Huy Fong’s Sriracha, created in 1980 by Chinese immigrant David Tran, has made its way to the shelves of huge retailers like Target and Whole Foods and has been a fan favorite of consumers since its inception.

The-CNN-Wire
™ & © 2023 Cable News Network, Inc., a Warner Bros. Discovery Company. All rights reserved.

We want to hear from you.

Have a story idea or tip? Send it to the KSL NewsRadio team here.

All News

More than 650 students received a new pair of tennis shoes and an experience of a lifetime at Ameri...

Shelby Lofton, KSLTV.com

RSL players help give out new shoes and socks to students in need

More than 650 students received a new pair of tennis shoes and an experience of a lifetime at America First Field Tuesday.

8 hours ago

FILE: A sign reading “For rent” in Salt Lake City on Saturday, Feb. 10, 2024. (Megan Nielsen, D...

Tammy Kikuchi

More people are renting their homes than buying in Utah and nationwide

Utah's median home sale price is around $553,000, a number that could explain why more Utahns are renting than buying these days.

9 hours ago

FILE - Joanne Reid of the United States competes during the women 7.5km sprint competition at the B...

MARTHA BELLISLE Associated Press

US biathletes fear retaliation for speaking out about sexual harassment, report finds

An investigation was ordered after an AP report that a female biathlete had been sexually harassed and abused for years.

10 hours ago

A planned housing development project on state-owned lands in Wasatch County is getting community p...

Britt Johnson

Wasatch County housing project receives community pushback

A housing development project that is getting community pushback in Wasatch County.

11 hours ago

FILE - Sandy police vehicle is pictured on Sunday March 8, 2020....

Jessica Lowell

Child hit by arrow in Sandy home now recovering in hospital

Sandy Police said a family member was outside the home calibrating the bow when "the bow got away from him."

13 hours ago

short-term rentals...

Adam Small

Murray City Council to vote on short-term rental proposal

The Murray City Council will review a proposal on Tuesday regarding short-term property rentals.

14 hours ago

Sponsored Articles

an IT tech looks at a laptop in front of a server network...

Comcast Business

Tips to protect yourself from phishing attacks

Check out this resource from Comcast Business to learn more about phishing attacks and how to protect yourself from becoming a victim of one.

A surprise gift, wrapped and ready to bring holiday cheer! Whether for Christmas, a birthday, or an...

Western Nut

10 Holiday Gift Ideas to cover everyone on your list

This guide is for you if you need holiday gift ideas that will make a lasting impression. 

Stressed young woman checking bills, taxes, bank account balance and calculating expenses in the li...

The Law Offices of Jordan F. Wilcox

Why you should speak to a Utah lawyer about longstanding IRS tax issues

Hiring a lawyer to navigate longstanding IRS tax issues can make a significant difference in achieving a favorable resolution.

4 construction workers fixing roof against clouds blue sky, install shingles at the top of the hous...

Chipman Roofing

Weather the storms by maintaining your roof

By taking the time to assess your roof's condition and make repairs as needed, you maintain the longevity of your home's stability.

Tax Harassment...

The Law Offices of Jordan F. Wilcox

Feeling intimidated by the IRS? 6 Essential facts you should know.

If you are receiving threatening letters and wage garnishments from the IRS, hiring an attorney can help ensure your rights are protected.

Photo courtesy of Nightmare on 13th...

Nightmare on 13th

Here’s why Nightmare on 13th is the best haunted house in Utah

Fall brings Halloween, and Halloween brings Haunted Houses. There’s no better Haunted House than Nightmare on 13th – here’s why!

Sriracha sauce is selling for as much as $120 amid prolonged shortage