Major Japanese milling companies say they are going to raise their prices of wheat flour for business customers from June.
The decisions come after the worsening conflict in Ukraine prompted the Japanese government to hike the price of imported wheat that it sells to the milling industry.
Nippn and Showa Sangyo say their flour will go up by more than 300 yen, or more than 2 dollars, per 25 kilograms. The new prices will take effect on June 20.
Both companies say their margins of increase will be the second-highest on record for bread flour. They will be the third-highest for weaker flour, a type used to make cakes and noodles.
Imported wheat accounts for much of Japan's domestic consumption.
The government raised its price by more than 17 percent in yen terms this month.
Another major Japanese milling firm, Nisshin Seifun, has already decided on its price hikes.
The decisions come after the worsening conflict in Ukraine prompted the Japanese government to hike the price of imported wheat that it sells to the milling industry.
Nippn and Showa Sangyo say their flour will go up by more than 300 yen, or more than 2 dollars, per 25 kilograms. The new prices will take effect on June 20.
Both companies say their margins of increase will be the second-highest on record for bread flour. They will be the third-highest for weaker flour, a type used to make cakes and noodles.
Imported wheat accounts for much of Japan's domestic consumption.
The government raised its price by more than 17 percent in yen terms this month.
Another major Japanese milling firm, Nisshin Seifun, has already decided on its price hikes.
Similar Readings (5 items)
Prices in Japan for more than 1,900 food items to rise in June
Japan price of imported wheat for milling to rise 5.8%
High wheat prices a headache for udon restaurants
Japan says farm product supply needs diversification
Food makers cut prices, portions for inflation-hit households
Summary
Japanese milling companies Nippn and Showa Sangyo plan to increase wheat flour prices for business clients from June, citing a 17% hike in imported wheat price by the government due to the Ukraine conflict. The new price of their flour will rise by over 2 dollars per 25 kilograms, with this being
Statistics
149
Words1
Read CountDetails
ID: 62554ef9-ae5c-4851-af4f-38c3c0a80b98
Category ID: nhk
URL: https://www3.nhk.or.jp/nhkworld/en/news/20220412_17/
Date: April 12, 2022
Created: 2022/04/12 19:05
Updated: 2025/12/09 17:03
Last Read: 2022/04/12 19:05