Nisshin Foods to raise flour prices

JIJI

Nisshin Foods Inc. will raise prices for all 18 of its home-use flour products by 2 to 7 percent, starting with July 1 shipments.

The price of a hard flour product mainly used in bread is expected to rise by ¥6 to ¥311 to ¥316 per kilogram, it said Wednesday, while that of a soft flour products for cakes and tempura will rise ¥9 to ¥252 to ¥259.

The price hikes reflect the government’s decision to raise prices on imported wheat sold to private flour mills by an average of 9.7 percent on April 1, the company said.

Nippon Flour Mills Co. and Showa Sangyo Co. are expected to follow suit.

For commercial-use flour, the three companies have announced price hikes due to start with June 20 shipments.

On Wednesday, Nisshin Foods, a unit of Nisshin Seifun Group Inc., also said it will raise the prices of 10 home-use pasta sauce items by 9 to 11 percent, starting with July 1 shipments, due to rises in imported meat and tomato paste prices following the sudden weakening of the yen.