# Milk Prices Rise Followed by Bread, Coffee, and Ice Cream: 'Milkflation' Approaches - The Asia Business Daily

> South Korea's Seoul Milk Cooperative will raise white milk prices by 5.4% from October 1, its first increase since 2018. This follows a raw milk price increase from 926 to 947 won per liter, and food makers are weighing similar hikes.

- Date: 2021-09-27 · published 2021-09-27T12:00:00.000Z
- Category: market · region South Korea · magnitude low
- Page: https://feedsoft.ai/events/4640-milk-prices-rise-followed-by-bread-coffee-and-ice-cream-milkflation-approaches
- Commodities: [Milk (Class III)](https://feedsoft.ai/c/MILK.md)

## Why it matters

Higher raw milk and input costs are pushing up dairy and processed food prices in Korea, which could cut dairy demand. The effect on global dairy prices is limited because the story is domestic.

## Sources

- asiae.co.kr: https://www.asiae.co.kr/en/article/2021092711024483047

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.