Dairy UK Claims Price Fixing Is Beneficial

UK - Jim Begg, Director General of Dairy UK, said: “The OFT report is now being studied by the dairy companies involved. They will be responding to the OFT findings individually but the OFT has made it clear it cannot decide the law has been broken until it has received representations from the parties involved.

28 September 2007

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Europe

“Dairy prices for consumers in the UK over the last 10 years have been extremely competitive and remain so. The competition between the main supermarkets is well known to consumers. Price rises have generally been below the rate of inflation and dairy products continue to be very good value.

“This OFT report refers to events five years ago and any price rises then reflected the major cost and income difficulties being encountered by dairy farmers.

“Milk prices are currently increasing due to a number of factors, particularly the surge in global demand for dairy products and nationally as a consequence of very poor summer weather.”