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Prices for dairy products manufactured by Samyang Food were also raised from this month, as crude oil prices were raised this summer.
According to industry sources, May 5, Samyang Foods has raised its price of Samyang Milk, which is its own brand, an average of 3.9% (based on consumers) since that month.
Depending on the capacity, the range is between 3.5 and 5%. The price of 200 ml products went from 750 to 780 won and that of 930 ml from 2550 to 2650 won. However, "Samyang organic milk" among the products of its own brand has been excluded from rising prices.
In addition, prices for B2B products rose 3.6% this month. Samyang Food supplies processed products to Paris Baguette and B2B products to Paris Baguette and Lotte Food Pasteur.
The price increase is due to higher crude oil prices for dairy producers in August. It's been more than five years since its creation in October 2013.
An official from Samyang Foods said: "Since 2013, we have continued to lower prices due to excess supply of milk, but price increases were inevitable due to recent price increases and 52 hours per year. week."
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