We just got confirmation on the price increase! Attached is the letter of confirmation by Nestle!
Not only have they increase the price, they have also set the minimum price hypermarkets can sell our favourite products! They call it the Brand Equity Policy for Diamond SKUs! Looks like we are now forced to pay more for Nestle products!
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Price increase on Milo confirmed along with many other products!
Milo
Nescafe
Coffeemate
Ice Cream
Breakfast Cereals - Koko Krunch, Honey Stars, etc
Petfood - Frieskies, Purina
All fending products
The prices are confirmed to increase by 4-5% dependng on products. We are working to get you the latest prices by Nestle soon. Stay tuned!
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Rumours have had it that Nestle Malaysia is about to increase the price of Milo again. This event makes it the second time in 2011 that prices of Milo have increase! Nestle is saying that the increase is unavoidable due to the international pressure of commodity prices. The level of increase is yet to be confirmed but the news is that it will be by early May!
Milo lovers are advised to stock up on the product as soon as possible to avoid the increase.
I guess that after this, Mamak will increase price of Milo again. It is already the most expensive drink in Mamak and its about to get worst. I guess we should now declare Mamak as Cafe Mamak very soon.
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