Maruha Nichiro to Raise Prices of Canned Mackerel Products

Economy

Tokyo, Feb. 4 (Jiji Press)--Maruha Nichiro Corp. <1333> said Monday that it will raise the prices of all its 32 canned mackerel products, by an average of some 7 pct.

The company will start to charge higher prices on products delivered to wholesalers on March 1.

The price hikes reflect skyrocketing costs of Japanese mackerel, the main product ingredient, amid growing popularity for canned mackerel due to a rise in health consciousness among consumers.

It will be Maruha Nichiro's first price hikes for such products since September last year.

The price of the company's mainstay 200-gram can of boiled mackerel will be raised from 297 yen to 319 yen.

[Copyright The Jiji Press, Ltd.]

Jiji Press