Blog: Why some will milk the OFT's Morrisons apology
Dean Best | 23 April 2008
Sections of the UK dairy industry will cheer this morning’s (23 April) embarrassing climbdown from The Office of Fair Trading.
News that the OFT has admitted some of its claims against Morrisons were wrong will no doubt provoke renewed calls that UK business is being monitored by an over-zealous competition watchdog.
There were, of course, calls during last year’s inquiry into price-fixing in the dairy industry that the OFT had got it all wrong.
It was claimed that retailers and dairy producers had moved to raise prices on milk, butter and cheese in 2002 and 2003, not for financial gain, but to secure supplies amid fears that farmers were fleeing the sector.
However, then – and now – one is inclined to believe that if farmers had been paid a decent price in the first place, then they wouldn’t have been quitting milk production in droves, tired of not being able to make a reasonable return – or even cover costs.
And, like in 2002 and 2003, today’s news of the OFT payout to Morrisons has hit the average UK consumer in the pocket.
Because, of course, the OFT settlement will come direct from HM Treasury.
To follow on from our earlier notice and after some hard work from our technical team, just-food is back live after today's power outage....
Much of the UK has felt the impact of Storm Doris today - and just-food's head office has been no exception....
A year after union officials alleged Fyffes abused workers on plantations in Central America - and called on the produce giant to be kicked out of the Ethical Trading Initiative forum - the company is...
Much of the chatter about where 3G Capital could look next has centred on packaged food - but might the private-equity fund be about to extend its foodservice empire?...
- CAGNY analysis: Danone's growth strategy
- US food next wave on display at Winter Fancy Food
- How General Mills plans to grow - CAGNY
- Comment: Meal kits in US - don't believe the hype
- Interview: A2 Milk Co. chair firm's rapid rise
- Unilever launches operational review
- Nestle launches global sugar target
- Bonduelle to buy US produce group Ready Pac Foods
- Unilever 'giving serious thought to split'
- ABF sees further grocery revival