Foo Cexiang on ensuring infant formula remains affordable
Higher global whey protein prices, alongside other rising costs, could have contributed to the 2.8 per cent year-on-year increase in infant formula retail prices between January and July this year in Singapore. Minister of State for Trade and Industry Foo Cexiang, who said this in reply to an MP’s question in parliament on Wednesday (Sep 9), pointed out that the government will promote fair competition and encourage a diversified supply chain so that families have access to more choices of infant formula products.
Higher global whey protein prices, alongside other rising costs, could have contributed to the 2.8 per cent year-on-year increase in infant formula retail prices between January and July this year in Singapore. Minister of State for Trade and Industry Foo Cexiang, who said this in reply to an MP’s question in parliament on Wednesday (Sep 9), pointed out that the government will promote fair competition and encourage a diversified supply chain so that families have access to more choices of infant formula products.
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