Bulgaris Also Raises Prices... Namyang Dairy to Increase Fermented Milk Product Prices Starting Next Month

Namyang Dairy Products 'Tteobul' Label-Free Product. Photo by Namyang Dairy Products

[Asia Economy Reporter Song Seung-yoon] Namyang Dairy Products announced on the 18th that it will raise the ex-factory prices of fermented milk products, including Bulgari, by an average of 3.5% starting next month.

All three types of products, including spoonable yogurt-type fermented milk, liquid fermented milk, and regular yogurt, are subject to the price increase. This price hike for fermented milk products comes after about four years. Specifically, prices for Bulgari, 100 Billion Probiotic, Bulgari Wisen, and Tteobul are expected to increase.

A Namyang Dairy Products official stated, "Due to last year's increase in raw milk prices along with rising logistics and labor costs, overall production costs have increased, making the price hike unavoidable."

Last month, Namyang Dairy Products also raised the ex-factory prices of ready-to-drink coffee products for the first time in about eight years. At that time, the price of stick coffee increased by an average of 9.5%, and the price of RTD cup coffee rose by an average of 7.5%.

This content was produced with the assistance of AI translation services.