• Kyodo

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Kewpie Corp. said Wednesday it will raise prices on major jam products by 4 to 7 percent, starting with shipments on Sept. 2, due to higher costs of imported fruits amid the yen’s depreciation against other currencies.

The price increase on jam products will be the first in 23 years, the company said. Increased demand for fruits in China and other emerging economies have also pushed up import costs, it added.

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