Cheese ‘Crisis’ Curdles Profits for Korea’s Pizza Makers

According to a news report from english.chosun.com, “Korean pizza restaurants are in the midst of a “cheese crisis”, as soaring demand for dairy products in China has the price of cheese sky-rocketing. Unable to bear the increasing costs, a great number of small pizzerias have gone out of business. Many survivors have been forced to hike prices even though they know that will cost them customers.”

“Cheese distributor Aser Food said that the supplying price of cheese has shot up some 40 percent from W5,500 (US$1=W922) per kg in April to W8,000 in October,” said the story. “An employee of Seoul Milk, the country’s largest dairy products company, said that China has imported some 50 percent more cheese and milk this year than last year, which has caused a shortage of cheese in the market.”

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