(Bloomberg) -- Japan's domestic wheat prices may
rise around 10 percent this year, the first annual gain in 24
years, hurting noodle makers which may not be able to pass on
the higher cost to customers.
The government may allow the increase as it seeks to bring
local prices more in line with world markets and after futures
in Chicago, the world benchmark for the commodity, soared to a
record, Hirotaka Mori, an agriculture ministry official who
oversees import policy, said in an interview in Tokyo.
Read more at Bloomberg Commodities News
rise around 10 percent this year, the first annual gain in 24
years, hurting noodle makers which may not be able to pass on
the higher cost to customers.
The government may allow the increase as it seeks to bring
local prices more in line with world markets and after futures
in Chicago, the world benchmark for the commodity, soared to a
record, Hirotaka Mori, an agriculture ministry official who
oversees import policy, said in an interview in Tokyo.
Read more at Bloomberg Commodities News
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