As Erica Yokoyama reports for Bloomberg News, Japanese snack company Calbee Inc. will raise the price of some of its potato chip products by between 7% and 10%, citing a decreased potato harvest in the northern agriculture-heavy island of Hokkaido due to hot weather and low rainfall.
The food maker will also reduce the net weight of some products including its signature potato stick snack “Jagarico” by about 5%. The revised prices and weights will take effect on January 24.
Calbee also cited a sharp increase in raw material prices and logistic costs for its price hike and weight reduction.
Source: Bloomberg News. Full story here
Photo: Nikkei Asia
