A rise in price of a 397g can of condensed milk from $1.10 to $1.70 (at FairPrice) and $1.60 (at Giant) is some 50 per cent. Some time ago, reliable sources told me a can of condensed milk contains 40 per cent sugar and about 10 per cent skimmed milk powder. With the recent price decrease of sugar by about 20 per cent, there is no justification for the 50 per cent increase in the selling price of condensed milk.

I think the increase is because the new owner of the brand is trying to recover the cost paid for the brand name.

Tham Siong Tuck