11 March 1999
Milk Marque ‘needs 5% price cut’
MILK MARQUE will have to cut its tender prices by 5% if it is to unload its milk into the market, according to one anonymous “senior dairy company executive” interviewed in the Financial Times.
That view was expressed after the revelation that earlier price negotiations have failed to attract enough bids for its available milk. This is now the second time the tender has failed to attract sufficient offers
The co-operative has fewer than three weeks to agree prices for milk over the six months from the beginning of April
The system for selling milk in the UK is currently under scrutiny, with the Department of Trade and Industry, considering a Monopolies and Mergers Commission report.