More than 1,300 Izakaya chains in Japan close nissin Food more than 20 kinds of cooking oil will rise in price

2022-05-11 0 By

Source: CCTV Website Source: CCTV Finance
Recently, affected by the rise in the price of raw materials, Japan’s various commodity prices are rising.Nissin Foods, a Japanese food company, will raise prices for more than 20 cooking oils starting April 1.It is understood that this is the fifth time since last year, the price of cooking oil per kilogram has risen more than 170 yen, up 10%.Japan’s wide range of price increases have also increased the operating pressure on restaurants.According to data released recently, Japan’s major izakaya chains have closed more than 1,300 stores in the past two years, accounting for about 20% of the total, due to rising prices and reduced customers due to restrictions on opening hours due to COVID-19.