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Parents panic as baby formula shortage worsens

Profiteers are attempting to buy as many as 30 cartons of formula at a time

Parents around Australia are struggling to find baby formula for their children, with the shortage being blamed on exports to China.

IGA stores across Perth are reporting regular attempts by profiteers attempting to buy as many as 30 cartons of formula – 180 tins – at a time, Perth Now reports.

The bulk purchase retails for approximately $5000 in Australia but could be sold to China for as much as $20,000.

Coles and Woolworths have imposed four-can limits, with warning signs written in Mandarin Chinese displayed in stores, including Coles Victoria Park.

This week it was announced that the Chinese Government could scrap their single child policy, which has led many to fear that the shortage could worsen.

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