Companies struggle for condensed milk market.

From: South American Business Information | Date: October 3, 2003 | Copyright information

Brazil, Oct 2, 2003 (Gazeta Mercantil/SABI via COMTEX)

Brazil is the main consumer of condensed milk in the world, accounting for 300,000 m tons per year, or R$1bil. While the condensed milk sales dropped by 15,4% in the domestic market in the first half of 2003 (Jan-Jun), the producer Itambe (Minas Gerais state) boosted its sales in 4,9%, being the second most sold brand in Brazil. In August, the company had a market share of 15%, followed by Mococa (11%), Gloria (9%), ...

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