Table 2. Comparison of raw milk production cost structures by country (KRW per liter)

Country Average raw milk production cost (KRW/L) Feed cost share (%) Labor cost share (%) Key characteristics
South Korea 1,084 (for drinking milk) / 887 (for processing use) 40–50 20–30 High-cost structure; strong dependence on imported feed
United States 450–550 25–35 10–15 Large-scale farms and economies of scale
EU (Germany/France) 420–520 30–40 10–20 Stable production supported by CAP subsidies
Australia 400–500 30–35 10–15 Pasture-based system, large-scale operations
New Zealand 350–450 Around 30 –10 World’s lowest-cost, pasture-intensive production model
CAP, common agricultural policy.