Increase in milk price prompts an emergency meetingThe inflation monitoring center of the Korea National Council of Consumer Organizations said yesterday it held an emergency meeting with representatives of large discount stores on the 220-won milk price hike agreement between Seoul Milk and Hanaro Mart.
The Korea National Council of Consumer Organizations said it has held the meeting as the controversy over excessive distribution margins of retailers continues and consumers call for minimizing the margins of basic food items such as milk.
The nation’s largest dairy maker, Seoul Dairy Cooperative, announced earlier last Wednesday that it has agreed with the discount retailer Hanaro Mart to raise the prices of milk products by 220 won. Consumer groups have predicted that other discount store chains such as E-Mart, Lotte Mart and Homeplus will follow suit with similar hikes.
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