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.

Related Articles

TOFU sweet bar innovation

TOFU sweet bar innovation

Martner Japan insight comment The Tofu Bar is a clean-label, plant-based food product that maximizes the natural power of soybeans by eliminating unwanted bitterness and off-flavors. Seasoned and ready-to-eat, it is designed to suit a variety of modern...

FIZZPRESSO: Redefining RTD Coffee with Sparkling Espresso Innovation

FIZZPRESSO: Redefining RTD Coffee with Sparkling Espresso Innovation

Martner Japan insight commentSuccess for FIZZPRESSO will depend on how effectively ITO EN can frame it not as “coffee with bubbles,” but as a new category altogether—akin to the way hard seltzer or cold brew evolved beyond their origins. Positioning, packaging, and...