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Meiji Co will increase the shipment price for milk by between 1-4% starting from Oct 1. It will be the first shipment price hike since March 2009 and it will affect the price of raw milk.
Other dairy product companies are expected to follow Meiji, Sankei Shimbun reported Wednesday.
Meiji said the price rise (which amounts to 5 yen per kilogram) will be applied to its 16 milk products, including Meiji Oishii Gyunyu. It said the decision to hike prices is due to the rise in imported formula feed costs brought about by the weak yen, as well as the cost of packaging materials.
© Japan Today
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nath
Congratulations, Abe! You did it! You just raised the price of milk for the Japanese people. More inflation is going to take place and it will hit everyone except those who are rich and the politicians. Very soon every basic essentail is going to become more expensive. Let's see how you can continue to manage your policy fallacies and your continuous agitation with China and South Korea. And, by the way, where did you get all the money to give away to Myanmar and African countries when the country's public debt is twice its GDP???? And, why isn't the money used for better purposes back home to generate jobs and improve badly needed and expensive social services? A leader can either push his country upwards or downwards. The Japanese public will soon see which direction its new leader is pushing it. All noise and purported actions to improve the lives of the people will soon peter out and become transparent for all to see.