Milk Price Increase Begins... White Milk Price Will Not Exceed 3,000 Won

Seoul Milk Raises White Milk Price by 3%... "Minimizing the Increase"

As the adjustment of raw milk prices approaches in October, the increase in milk prices has begun, but the price of 1L white milk is not expected to exceed 3,000 won this year.

On the 24th, the Dairy Promotion Committee subcommittee decided to negotiate the raw milk price, and it is expected for the first time to exceed 1,000 won per liter. A customer is selecting milk at Seoul Hanaro Mart. Photo by Heo Younghan younghan@

Seoul Milk Cooperative announced on the 29th that it will raise the wholesale price of its white milk product 'Na100% Milk' (1L) by 3% at large supermarkets starting in October.

This is due to the increase in raw milk prices paid to farms. The Dairy Promotion Committee, which includes the dairy industry and dairy farmers, decided on the 27th of last month to raise the raw milk price used for drinking milk by 88 won per liter (8.8%).

A Seoul Milk official said, "Despite the difficult situation caused by the increase in the basic raw milk price and worsening domestic and international business conditions, we have decided to minimize the price increase temporarily to stabilize consumer prices," adding, "The consumer price of the product is expected to be formed in the high 2,000 won range."

Other dairy companies such as Maeil Dairies and Namyang Dairy Products, which are still reviewing price increases, also plan to minimize the price hike due to the rise in raw milk prices. Therefore, the price of white milk sold at large supermarkets this year is expected to be around 3,000 won.

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