date:Sep 02, 2013
ercent, with the first price hikes for strawberry and orange marmalade jam in 23 years. Kewpie has been hit by soaring raw material prices amid growing demand in emerging economies and by the weakening of the yen against the dollar.
Mercian Corp., a Tokyo-based unit of food and beverage maker Kirin Holdings Co., plans to raise prices of its wines by some 3 to 8 percent as grape prices are rising due to poor harvests in Europe caused by bad weather. The hikes exclude products using Japanese grap