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Wed, 17 Jun 2026

Wed, 17 Jun 2026 Japan raids ice cream giants over price-fixing allegations

The investigation on alleged cartel pricing of ice cream comes as Japan faces record summer temperatures.
The firms - Meiji, Morinaga Milk Industry, Lotte, Morinaga, Ezaki Glico and Akagi Nyugyo - are suspected of inflating prices beyond the cost of raw materials. According to NHK, citing anonymous sources, these companies raised ice cream prices by "5-10% over several years", which is being investigated as a potential cartel activity. Meiji, Morinaga Milk, and Glico stated they will co-operate with the investigation.