21 July 1998
MMC refuses to rescue Milk Marque
from auction crisis
THE Monopolies and Mergers Commission (MMC) last night (Monday) failed to come to the rescue of Milk Marque when it refused to rule on how the auction market system should work.
The MMCs decision followed Milk Marques announcement on Friday that it was abandoning the July round of its twice-yearly auctions because it had failed to attract high enough bids from the six leading dairy companies.