24 March 1999
Milk Marque sells 90% of output

MILK Marque has announced it has now sold more 90% of its milk on term contracts after making a downward revision of its prices.

The dairy farmers co-operative refused to reveal the final prices agreed. It said contracts had been negotiated directly and would not be disclosed.

Milk Marque was forced to cut its prices to attract enough offers for the 12.8 million litres a day it had for sale.

The Monopolies and Mergers Commission is currently completing a report on milk selling and is expected to urge reform of the process.