By: Leah Uko
OMAHA (KPTM) – Popcorn prices hit an all-time high this year because of the drought in 2012. Those prices may go back down soon if product from this year's harvest is less expensive for distributors.
The drought caused a domino effect in higher prices that essentially hit retailers' profits.
Owner of Vic's Corn Popper, Vic Larson said he had to raise his prices to at least a dollar more per bag because of the high prices he had to pay for his seeds and other raw supply.
"It increased the price by 40 percent, our costs in buying the raw kernels," Larson continued. "That really hurt me to have to increase our prices, but we just had to do it."
Larson said as soon as supply prices decrease, he would lower his prices again.
According to the USDA, last year's drought was unusually bad and in 2013, many states are in recovery.
Distributors in Nebraska have received some product from the 2013 harvest and said prices are likely to go back down.
Prima Distribution said product came in at the beginning of December and prices were less expensive. Definite prices are expected to be determined sometime in January through February 2014.
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