Price of sugar is soaring in Japan, prices of confections are going up in price or are selling out quickly due to not enough sugar

The price of “sugar”, which is indispensable for food and cooking, is soaring. As the demand for souvenir sweets increases during summer vacation and Obon, confectionery manufacturers and supermarkets are concerned.

While prices have gone up due to sugar costs going up, confections for sale are selling out too quickly as not enough are made due to the sugar shortage.

This is a double hit for confection companies who had to deal with the shortage of eggs during Golden Week several months ago.  And the increased prices of chocolate as well.

According to DM Mitsui Sugar Co., a major manufacturer, the price of raw sugar, the raw material, has soared due to unseasonable weather in Brazil, the main production area.

Supermarkets in Tokyo, which sell sugar cheap, are selling a bag of sugar for 181 yen as a special bargain. However, shop owners are not making a profit as many are selling at cost.

Meiji has announced that prices for 105 items sold will be increasing in price, the new prices will be in effect on September 5th.

Sugar prices are expected to remain high for the rest of the year. As prices continue to rise, there are concerns about the impact on other foods.