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Milo cereal is based on the popular Milo drink, which is made from malted barley, cocoa, and milk. The cereal tastes sweet but not overwhelmingly sugary, with that signature malt flavor blending with chocolatey cocoa notes. It’s a comforting, warm taste, like a hybrid of cocoa and cereal grains. If you're familiar with the Milo drink, the cereal delivers a very similar flavor, making it a treat for those who love the drink.