The prolonged shortage of a certain red sauce is making the black market go wild.
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 spokesman 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.
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Sriracha sauce is selling for as much as $120 amid prolonged shortageThe prolonged shortage of a certain red sauce is making the black market go wild.
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Sriracha hot sauce selling for as much as $120 amid prolonged shortagePrices 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.
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Sriracha sauce shortage causes prices to spike upward of $70 a bottleBusinesses and people who have managed to get their hands on a popular sriracha sauce brand are listing the spicy condiment for high prices, but consumers are split on the costs.
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I’m married to a millionaire — here’s how I spend $16K a dayA $300 gym session and a $420 “perfume restock” were the next things charged to Linda Andrade’s credit card before she set off for a $120 “caviar sushi” lunch.
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