Yen Drop Means Wheat Gains as Foodmaker Profits Hit, Nomura Says

Yen Drop Means Wheat Gains as Foodmaker Profits Hit, Nomura Says

Andy Rain/Bloomberg News.

Cup noodles made by Nissin Food Products Co. sit on a shelf at a store in Tokyo. An increase of 10 percent in wheat prices would add about 1 billion yen in costs for noodle makers Nissin Foods Holdings Co.