I hesitate to make comments since I am obviously not an expert, but here goes: the photo meets the challenge and is in good focus and I like the title. It is my opinion that it was a little too close up. Pulling back a bit would perhaps make the cereal a little more appealing visually.
From what I read in the forums, smaller photos generally don't score well. Its an ok photo but doesn't hold my interest. A closer shot without the spoon might have worked better.