Major update for parents on baby formula prices after Iceland boss slammed high costs
THOUSANDS of parents are paying more than they need to for baby formula because of a lack of competition in the market, a government watchdog has warned.
At the moment there are two dominant baby formula companies – Danone and Nestle – who account for over 90% of all sales.
GettyA government watchdog has issued a major update on baby formula[/caption]As a result, there are “limited incentives” for these manufacturers to compete to offer the best price, the Competition and Markets Authority (CMA) warned.
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