Malaysians will be dismayed to know that the price of Milo will soon be going up. Nestle Malaysia has announced that it intends to raise the price of Milo by 5 -7% on 1 May.
According to Nestle’s Managing Director Alois Hofbauer, the price hike is due to the higher cost of raw ingredients, including milk. However, he said that the rise in price would be gradual and that he believes that local sales will continue to grow. Later this year, Nestle will open another manufacturing plant in Shah Alam in order to boost production.
This year also happens to be Milo’s 80th year in production. Milo, while originally from Australia, is sold in 40 countries worldwide.