Unigate continued assault on the "monopoly" actions of Milk Marque

Unigate, the milk and fresh foods group, has continued its assault on the "monopoly" actions of Milk Marque, saying it was resulting in higher prices for consumers. Addressing shareholders at the company's annual meeting yesterday, chairman Ian Martin said that weak dairy prices were not yet reflected in lower milk costs.

"Until such time as milk costs reflect the true free market value of supply and demand, milk prices will remain artificially high to the detriment of users and consumers alike," he said. He added that the company was awaiting the outcome of the investigation by the Office of Fair Trading with interest. Reporting that trading was in line with expectations, Mr Martin said Unigate would continue to look for opportunities to expand its fresh food and distribution businesses.