[Asia Economy Reporter Song Seung-yoon] Binggrae announced on the 13th that it will raise the prices of some dairy products, including Juicy Cool and yogurt.
The price increase is based on the ex-factory price, with Juicy Cool rising by 6.7%, yogurt by 4.7%, and Ttaom by 5.5%. At retail stores, the price of Juicy Cool 930ml will change from 1,400 won to 1,500 won, yogurt 280ml from 1,300 won to 1,400 won, and Ttaom 730ml from 2,980 won to 3,150 won.
The items subject to this price increase were not included in last year's dairy product price hike. The final price increase is expected to be applied sequentially from next month after consultations with distribution channels.
A Binggrae official said, "Due to the rise in international raw material prices continuing since last year, the manufacturing cost of almost all products has reached an unsustainable level. We tried to minimize the factors for the increase through management efficiency, but with the recent surge in energy prices and the rise in production-related costs, it became inevitable to adjust the prices."
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