business

Nissin Foods to hike prices of 250 products from January

21 Comments

Nissin Foods has announced that the price of raw ingredients used to make many of its manufactured food products has risen due to the weaker yen, and that as a result, the company will increase the price of some of its main lines such as Cup Noodles, Samurai-Don and Chicken Ramen, from January.

In all, Nissin said it will hike prices for 250 items.

The price of a regular size of Cup Noodles will go up by 10 yen, while the price for bagged noodles and larger sized noodle products will increase by 5 to 8%.

Nissin said this will be the first price rise in seven years. A company spokesperson said, "The cost of the raw materials used to make our instant noodles and the packaging we ship them in has increased, and with the weaker yen, we are in a position in which we are unable to absorb the resulting costs to our company, and must therefore slightly increase the cost to our customers."

© Japan Today

©2019 GPlusMedia Inc.


21 Comments
Login to comment

There you go! Abenomics now hurting people so sadly off that they must eat cup noodles. So, if and when the yen becomes stronger again are all these companies going to drop their price increases? Anyway, I never eat the stuff -- horrible for you.

6 ( +12 / -6 )

Here's another Big Fat TOLD YOU SO. Abenomics (economics by morons) beginning to hurt just a little more, especially the less wealthy.

3 ( +6 / -3 )

This price rise of nissin noddle will hit students (specially undergrads). well done Abenomics.

6 ( +9 / -3 )

That's fine. I don't buy this brand. It's originally pricey before tax hikes. I prefer kinchan noodle (88Y). Much cheaper and tastier than Nissin's.

2 ( +5 / -3 )

Living costs are increasing, everyone I have talked to wages are stagnant.

Doesn't seem like its really working out does it..

3 ( +4 / -1 )

How come Nissin Foods did not lower any of their prices when the yen went down to 76 to the dollar? A 40% increase in the value of the yen netted them a 40% decrease in the cost of their ingredients and packaging materials, yet they didn't lower their prices by a single yen, did they? Sorry, but I have no sympathy for them.

8 ( +10 / -2 )

Gotta love their imagination - calling this garbage food.

-1 ( +3 / -4 )

First price rise in seven years. Nissin should be congratulated! In Australia the price of everything seems to go up on a daily basis. Complainers harden up!

2 ( +5 / -3 )

None of you have a clue do you, this is inflation part of what abe wanted, so his abenomics is working and here is the proof, INFLATION is what he is trying to achieve .

-8 ( +1 / -9 )

In USA, Annie Chun in /Fullerton has been marketing Udon Soup Bowl Chicken Udon Soup Bowl I bought. I don't know who owns Annie Chun but Fullerton is in Orange County just like Nissin in Irvine in Orange Count CA. I wonder if Nisasin will raise price in USA.

2 ( +2 / -0 )

"None of you have a clue do you, this is inflation part of what abe wanted, so his abenomics is working and here is the proof, INFLATION is what he is trying to achieve"

Yessssss! Finally, inflation! Oh, so good for my wallet - NOT!.

3 ( +3 / -0 )

Oh yeah ... Abenomics is working, I feel so excited...

1 ( +1 / -0 )

Part of what abe is trying to do is lift the economy, and part of that involves creating inflation, which is what this is, I know the highly qualified economists on here struggle with simple things but prices will go up to create inflation.

Wages SHOULD follow. I know lots of you think wages should rise first.

-3 ( +1 / -4 )

"prices will go up to create inflation.

Wages SHOULD follow. I know lots of you think wages should rise first."

Oh good grief, so prices going up to create inflation is seen as a good thing, lol. And don't bet on wages rising as people cut spending.

1 ( +2 / -1 )

StormR, that all depends on what type of inflation. Maybe you're not aware of the various types and causes of inflation. This particular one is the result of currency devaluation via extreme QE. Most people with functioning grey matter would consider that to be counterproductive.

3 ( +4 / -1 )

John I understand that and its not counter productive to producers who are exporting, low yen works for us.

No good for fixed salary types earning a pittance.

High yen kills manufacturing and export which is where its been at since the american's destroyed everyone's economy back about 6 years ago and poored billions of $'s into the system. Now Japan has weakened its currency its seen as dame dame.

Would love to see the yen around 120 to the $ back to where it was . Let the whingers whinge, the rest of us are loving it.

One last big burst before I pull the pin and retire, make up for the trashed last 6 years.

-3 ( +1 / -4 )

Did they lower their prices when the yen was at 70 per dollar?

1 ( +1 / -0 )

The increase in price has more to do with the yen exchange rate. Almost all of the wheat flour imported into Japan comes from the U.S. and now it cost more for Nissan. When the yen was strong, of course, like all other manufacturers, they kept the profit and did not lower the price to consumers.

1 ( +1 / -0 )

"I understand that and it's not counter productive to producers who are exporting, low yen works for us."

StormR, yes, it's good in the short-term for a select few, but overall it's bad for most, including mfrs who also depend on imports for raw materials, parts, components, etc.

What you ignore is the fact that , "...this is the persistent tendency of men to see only the immediate effects of a given policy, or its effects only on a special group, and to neglect to inquire what the long-run effects of that policy will be not only on that special group but on all groups. It is the fallacy of overlooking secondary consequences." Hazlitt

The secondary consequences are the submerged iceberg.

2 ( +2 / -0 )

Completely the opposite John I am looking at the long game here, short term the rise in imports, but long term the recovery of manufacturing and export sectors.

The rise of 10 yen in a cup of instant noodles is hardly the end of the economy, for 7 years they have not risen in price now they increase, inflation at work part of abes goal, the bigger picture is what matters here not 10 yen.

Weak yen has started to turn this economy around for the better, Japanese companies can trade again and perhaps consider bring some jobs back to these shores.

Anyway it matters not discussing things on here most have no idea how to tie a shoe lace.

-3 ( +1 / -4 )

I like how they directly blame the weak yen (read: Abenomics) for this one. Abe has been deflecting the danger of an over-weak yen (look! Gas prices have barely risen!), but there's no hiding from this one.

@smithinJapan

are all these companies going to drop their price increases?

Unlikely. When jet-fuel prices went through the roof a few years ago, Starbucks used that as an excuse to jack up the prices on all their coffee products. Fuel prices dropped; prices didn't.

I'd be willing to bet that a LOT of companies follow suit, raising prices -- regardless of whether they really need to or not -- when they realize that they can increase profits and dump the blame on Abe's doorstep. And prices will stay high regardless of subsequent yen recovery. Meanwhile, back in "Taro Average" Japan, wage increases, when present, don't even come close to covering the sales tax increase. Once again the average working Japanese loses.

1 ( +1 / -0 )

Login to leave a comment

Facebook users

Use your Facebook account to login or register with JapanToday. By doing so, you will also receive an email inviting you to receive our news alerts.

Facebook Connect

Login with your JapanToday account

User registration

Articles, Offers & Useful Resources

A mix of what's trending on our other sites