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Milk Production Costs Decrease 0.4% Last Year, Price Freeze Likely This Year
Milk Production Costs Decrease 0.4% Last Year, Price Freeze Likely This Year As negotiations for raw milk prices approach, the likelihood of a price freeze is increasing. This is due to a decrease in production costs, which has reduced the pressure for price hikes compared to previous years. According to the National Data Agency's "2025 Livestock Production Cost Survey Results" released on May 15, the production cost of milk last year was 1,014 won per liter, a decrease of 0.4% (4 won) from the previous year. This reduction is attributed to a decline in the cost o May 15, 2026