Binggrae to Raise Prices of Dairy Products Including 'Banana Man Milk' Starting Mid-November

Binggrae "Unavoidable Measure Due to Soaring Manufacturing Costs from Continuous Raw Material Price Increases"

[Asia Economy Reporter Koo Eun-mo] Binggrae announced on the 11th that it will gradually raise the prices of dairy products, including Banana Flavored Milk, after consultations with distribution channels starting mid-November.

Accordingly, the price of Banana Flavored Milk (240ml) sold at convenience stores will increase by 200 won (13.3%) from the current 1,500 won to 1,700 won, and Good Morning Milk (900ml) sold through other distribution channels is expected to rise by 8%, while Yoplait Original will increase by 16%.

Binggrae stated, "Due to the rise in raw milk prices, as well as continuous increases in the prices of raw materials such as sugar and coffee, energy costs, logistics expenses, and exchange rates, manufacturing costs have surged, making it inevitable to raise prices."