Meiji Dairies Corp said Thursday it will raise the prices of its cheese and margarine products on Sept 1. The prices of 42 items will be either raised or kept unchanged with reduced volumes. The price hikes will range from 3% to 20%.
The prices of most of the products involved were previously raised in March. The company decided on the fresh round of increases due to surges in the prices of imported cheese and raw milk, a key raw material.