The Seoul Milk Cooperative announced on the 2nd that it has raised the release prices of 54 products, including processed milk and fermented milk, by an average of 7.5% since the 1st.
The 54 items with increased prices include 23 types of processed milk, 18 types of cheese, 4 types of fermented milk, 3 types each of whipped cream and juice, 2 types of butter, and 1 type of condensed milk.
Seoul Milk explained that the need for price adjustments arose from accumulated pressure on costs due to rising raw material prices and the increase in the won-U.S. dollar exchange rate.
However, Seoul Milk has maintained the prices of white milk products, which is due to the dairy promotion association's freeze on domestic raw milk prices.