JAPAN: Sapporo Breweries latest to confirm price rises

By | 20 December 2007

Sapporo Breweries has confirmed plans to up prices for its beer and beer-like beverages.

The Japanese company, which was reported in October to be considering the move, said today (20 December) that it will up the prices of its drinks as rising prices for malt, corn, aluminium and other materials are forecast to increase procurement costs by around JPY3bn (US$26.5m) next year.

The price increases, scheduled to take effect in April next year, will be in the region of 3% and 5%, Sapporo said.

In October, Sapporo's Japanese peers, Kirin Brewery and Asahi Breweries, said they were looking to increase retail prices in the country on the back of higher commodity costs.

Sectors: Beer & cider

Companies: Sapporo, Kirin, Asahi

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JAPAN: Sapporo Breweries latest to confirm price rises

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