Dairy giant "Megmilk Snow Brand" announced that it will raise the price of margarine and butter for home use by up to 12% from the shipment in October.
It is said that the price of fats and oils, which are the raw materials, is soaring due to bad weather in the main soybean producing areas.
According to the announcement, 14 products such as Margarine, butter, and whipped cream, which are the main products of Snow Brand Megmilk, will be raised in price.
The range of price increases is 5 to 30 yen at the suggested retail price, and the rate is 1.9% to 12.2%, which will be increased from the shipment on October 1st.
Due to the soaring trading prices of raw materials such as fats and oils, the company is concerned that the production of soybeans and rapeseed, which are the raw materials for fats and oils, will decrease due to bad weather such as high temperatures in North America, and in China. It is said that the background is the expansion of demand for soybeans.
According to the company, most of the target products, including the mainstay margarine, have been raised for the first time in 13 years since 2008, saying that "the cost increase has exceeded the range that can be absorbed by corporate efforts." is.
In addition to this, the major dairy industry says that "Meiji" is "considering price increases" for margarine and butter, and it is expected that price increases will spread in the future.