Fourth time price increase since October 2023, alternative oils such as blend oil, rice oil will get more attention.
Nisshin OilliO Group has announced a price increase for a total of 30 olive oil products, both for household and professional use, starting with the May delivery. The sales price will be raised by 23% to 80% due to continued reduced production in Europe caused by heatwaves and droughts, leading to a global shortage of stock.
For household products, 22 items are targeted for the price increase. Almost all products, except for some seasoning oils, will see a price increase ranging from 23% to 64%. “BOSCO Extra Virgin Olive Oil (456g)” will have a 50% price increase, and “Nisshin Delicately Fragrant Extra Virgin Olive Oil (350g)” will see a 62% increase. For professional use, 8 products will have their selling prices raised by 60% to 80%.
This price increase for olive oil products has been ongoing since 2022, and this announcement marks the fourth time since October 2023.
Source: Nikkei MJ March 4, 2024
Related Articles
Meiji launches “SAVAS BIOPRO Yogurt Flavor,” a protein drink fermented with lactic acid bacteria.
Meiji (Tokyo) will release a new product, "SAVAS BIOPRO Yogurt Flavor," from its protein drink brand "SAVAS" nationwide on June 30th. This product is a beverage from the "SAVAS BIOPRO" series, which is based on the concept of "building an ideal body starting from...
New frozen foods in “largest volume” and “larger sizes” will be released on May 12th.
Seven-Eleven Japan Co., Ltd. (Chiyoda-ku, Tokyo; President: Tomohiro Akutsu) will be launching a series of new frozen food products featuring "the largest volume" and "large capacity" starting May 12th.First, there's the new product that boasts "the largest volume...
Suntory Foods launches new beverage brand “Guilty Carbonated NOPE” for the first time in 14 years.
"FRUBI by Fruit Juice Gummy Blueberry & Pomegranate" (57g) Price: Open price(from Meiji press release) Suntory Foods International (BF) announced on the 17th that it will launch a new product, "Guilty Carbonated NOPE," on the 24th. This marks the first launch of a...
Discover more from Martner Japan
Subscribe to get the latest posts sent to your email.