With a 10% hike in milk prices expected this spring in Japan, Meiji Dairies Corp has indicated that it will raise prices and cut production in order to shore up margins.
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Meiji said it will hike the price of 26 items, including yogurt products and milk-based drinks, by as much as 11.1%.
The company will also cut pack sizes – for example, Meiji Bulgaria Yogurt Plain will be cut in volume to 450 grams, while its suggested retail price will come down from JPY260 to JPY250.
