Negotiations commenced today to determine the volume of raw milk dairy companies will purchase from farmers between 2024 and 2028. Discussions center around both drinking milk and milk for processing, with potential reductions of up to 43,000 tons in the latter category. The talks aim to establish fair procurement volumes for the next five years, impacting both dairy farmers and processing companies. These negotiations are crucial for stabilizing the dairy market and addressing potential oversupply concerns. The outcome will directly affect the income of dairy farmers and the production capacity of milk processors. The Korean dairy industry closely watches these proceedings, anticipating significant implications for the sector’s future. The Ministry of Agriculture, Food and Rural Affairs is overseeing the process to ensure a balanced agreement.