Array
(
    [_edit_lock] => Array
        (
            [0] => 1713792538:31
        )

    [tdc_dirty_content] => Array
        (
            [0] => 1
        )

    [tdc_icon_fonts] => Array
        (
            [0] => a:0:{}
        )

    [_thumbnail_id] => Array
        (
            [0] => 190246
        )

    [_edit_last] => Array
        (
            [0] => 31
        )

    [onesignal_meta_box_present] => Array
        (
            [0] => 1
        )

    [onesignal_send_notification] => Array
        (
            [0] => 
        )

    [onesignal_modify_title_and_content] => Array
        (
            [0] => 
        )

    [onesignal_notification_custom_heading] => Array
        (
            [0] => 
        )

    [onesignal_notification_custom_content] => Array
        (
            [0] => 
        )

    [_post_language] => Array
        (
            [0] => 
        )

    [_molongui_main_author] => Array
        (
            [0] => guest-97702
        )

    [td_post_theme_settings] => Array
        (
            [0] => a:1:{s:11:"td_subtitle";s:85:"A report noted that a box of Milo containing six bags could climb to RM578 from RM369";}
        )

    [_yoast_wpseo_primary_category] => Array
        (
            [0] => 599
        )

    [_yoast_wpseo_focuskw] => Array
        (
            [0] => Milo
        )

    [_yoast_wpseo_metadesc] => Array
        (
            [0] => Nestle (Malaysia) Bhd is set to adjust prices for selected products in response to the recent surge in global cocoa prices, said chief executive officer Juan Aranols
        )

    [_yoast_wpseo_linkdex] => Array
        (
            [0] => 57
        )

    [_yoast_wpseo_content_score] => Array
        (
            [0] => 60
        )

    [_yoast_wpseo_estimated-reading-time-minutes] => Array
        (
            [0] => 2
        )

    [_yoast_wpseo_wordproof_timestamp] => Array
        (
            [0] => 
        )

    [_molongui_author] => Array
        (
            [0] => guest-97702
        )

    [post_views_count] => Array
        (
            [0] => 533
        )

    [post_views_count_7_day_arr] => Array
        (
            [0] => a:7:{i:0;a:2:{s:4:"date";i:0;s:5:"count";i:0;}i:1;a:3:{s:4:"date";s:10:"1748308505";s:5:"count";i:2;s:14:"per_hour_count";a:1:{i:1;i:2;}}i:2;a:2:{s:4:"date";i:0;s:5:"count";i:0;}i:3;a:2:{s:4:"date";i:0;s:5:"count";i:0;}i:4;a:2:{s:4:"date";i:0;s:5:"count";i:0;}i:5;a:3:{s:4:"date";s:10:"1748082282";s:5:"count";i:1;s:14:"per_hour_count";a:1:{i:10;i:1;}}i:6;a:3:{s:4:"date";s:10:"1748178924";s:5:"count";i:1;s:14:"per_hour_count";a:1:{i:13;i:1;}}}
        )

    [post_view_7days_last_day] => Array
        (
            [0] => 1
        )

    [post_views_count_7_day_last_date] => Array
        (
            [0] => 1748308505
        )

    [post_views_count_7_day_total] => Array
        (
            [0] => 4
        )

    [post_views_last_24_hours] => Array
        (
            [0] => 2
        )

    [post_views_last_48_hours] => Array
        (
            [0] => 2
        )

)
Milo more expensive? Nestle Malaysia to revise prices of selected products | Scoop
Nestle (Malaysia) Bhd is set to adjust prices for selected products in response to the recent surge in global cocoa prices. – Pafcool2 Wikimedia Commons pic, April 22, 2024
News

Milo more expensive? Nestle Malaysia to revise prices of selected products

A report noted that a box of Milo containing six bags could climb to RM578 from RM369

Bernama
Updated
9:23 PM MYT

 

KUALA LUMPUR – Nestle (Malaysia) Bhd is set to adjust prices for selected products in response to the recent surge in global cocoa prices, said chief executive officer Juan Aranols.

However, he emphasised that the company aims to keep the price increases minimal and plans to implement only moderate adjustments for certain products.

“The company is cautious about price increases, which can affect customers’ purchasing power.

“However, due to the volatility in the commodity markets – of course, we will not fully pass on the impact – there may be some price increases that we have to undertake in the next few months,” he told reporters following the launch of the Nestlé Salary For Life 2024 contest here today.

According to news reports, the futures prices for cocoa rose by almost 6% last week.

Looking ahead, Aranols said Nestle anticipates subdued consumer sentiment this year due to factors like food inflation, driven by international commodity prices.

“However, we remain positive and are committed to providing safe, high-quality products that stand out against competitors,” he said.

Forbes recently highlighted that cocoa prices hit a historic peak owing to a significant decline in supply. 

Aranols echoed this sentiment two days after Nangyang Siang Pau’s revelation that prices for Milo, primarily sold to coffee shops and restaurants for out-of-home consumption, are set to rise come July. 

Citing sources, the daily’s report noted that a box of Milo containing six bags would climb to RM578 from RM369. They cautioned that this hike could potentially result in higher charges for a cup of Milo for customers. – April 22, 2024

Topics

 

◉ Popular

Photo of the day: Hands on with work and family

Tailor Nora Ronas works overtime to meet customers’ orders for new “baju raya” ahead of Hari Raya Aidilfitri in about two weeks. With many hours spent at work, she keeps her children close by at her shop in Keramat Mall.

MSSSC denies violence allegations amid Gurdwara Cup drama

Acknowledging that while there was verbal altercation, no physical violence occurred, asserts council president

Minister v podcast: Hannah Yeoh’s public feud sparks debate on sponsored content ethics

Sports minister has criticised Gintell for sponsoring episode of Keluar Sekejap pod, hosted by Shahril Hamdan and Khairy Jamaluddin

◉ Related

Copyright © 2023. All rights reserved.