The part of the photo with the milk/cereal is very good, but the bowl was a poor choice for this photo. A dark colored bowl would set off the subject nicely and form a nice contrasting border before the white background. As is, the image looks flat and the edge of the bowl pulls my eye away from the subject.
This is a good shot. Compositiion is good, it's sharp and the textures are interesting. It makes your pouth water, I can taste it. Two detractors - the dirty bowl and I think the tabletop being cream (rather than dark?) takes the impact and focus away from what is essentually a very good shot.