• Bloomberg


Meiji Dairies Corp. and Morinaga Milk Industry Co. will raise milk prices next year for the first time in 30 years as increases in grains, petroleum and other raw materials add to production costs, the companies said Tuesday.

The nation’s largest and second-biggest milk producers will pass on higher costs to consumers after agreeing with a farmers’ organization Monday on a 3 percent increase in raw milk prices from next April.

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