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

New category of udon donut snacking from Marugame Seimen Company.

New category of udon donut snacking from Marugame Seimen Company.

Marugame Seimen is one of the largest udon chains in Japan. It will launch a new sweet called "Marugame Udonuts" nationwide on June 25th. The aim is to propose a new way to enjoy traditional udon and create a new category. To commemorate the launch, a pop-up store...