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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.

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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.

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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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