Mayonnaise maker Ajinomoto Co. said Tuesday it will raise wholesale prices for its mainstay products for the first time in 17 years on July 3.
Prices will rise by nearly 10 percent for regular mayonnaise and by 4 percent to 6 percent for low-calorie types. The reason is that prices for vegetable oil, a key ingredient, have risen some 1.4-fold in the past five years due partly to rising demand for grain for biofuels.
Q.P. Corp., another Japanese mayonnaise maker, earlier announced plans to raise mayonnaise prices in June.