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Business trends

Nestle cuts sugar out of Milo -- Asia's favorite chocolate drink

Beverage makers update products in line with Southeast Asian sugar taxation trend

Nestle's sugar-free Milo chocolate and malt drink is now on sale in Thailand, where rates of obseity and diabetes have been climbing. REUTERS/Erik De Castro   © Reuters

BANGKOK -- Nestle, the world's biggest food company by revenues, has unveiled plans to roll out major sales of the world's first sugar-free "Milo" chocolate and malt beverage in Thailand as early as June.

The new type of Milo has only the natural sweetness of its milk constituents and malt, with a 180-milliliter packet of the drink selling for 13 baht ($0.41).

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