Walmart flour and other almond flour prices are rising by more than 30% in the last month and the cost of making almond flour has jumped by nearly half, leading to shortages of some essential ingredients.
The price of almond flour rose by $3.35 to $1.87 per pound on Tuesday on the BSE.
The price of other ingredients in the flour had increased by more, by more and more, according to data compiled by Bloomberg Intelligence, a market research firm.
Almond flour is a flour made from the seeds of almonds that are dried in a dryer.
The cheapest ingredient in almond flour is wheat flour, which costs about $1 per pound.
The cost of some other ingredients has risen by more or less the same amount.
Almonds have become a favorite ingredient in many products, including breads, muffins, cake mixes and sauces.
Walmart has been selling almond flour at a loss for about two years, as it tries to gain a foothold in the global food supply.
Its share of the global almond flour market dropped by about 6% last year, according the Bloomberg Intelligence data.
Almighty Walmart, which has more than 800 stores, has been focusing on its premium products.
The company’s stock price has dropped about 20% since its November 2015 IPO.
The benchmark S&P 500 index, which tracks companies in the S&s 500 index and indexes to the broader U.S. market, rose 0.2% on Tuesday.