SMA MEJERIER HARDT RAMT AF MALKEKRIGEN

Article Abstract:

Owing to the breakdown in the negotiations between the two major Danish dairy companies MD Foods and Kl ver Maelk, milk suppliers are losing considerable sums in a price war on cheese and butter. The paper estimates the losses on cheese at several hundreds of million DKr on an annual basis. Ove Jensen, head of the minor, independent dairy Endrup Mejeri, says the price on cheese has never been so low, and that MD Foods has tried to force minor dairies to merge with MD Foods for several years.

Comment:

Denmark: Milk suppliers lose considerable sums in price war on cheese & butter owing to failure in MD Foods & Klover Maelk talks

Market information - general, Article

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UK: MD FOODS PLC REPORTS PROFIT

Article Abstract:

For the second consecutive year, MD Foods plc, the British subsidiary of Danish MD Foods, reports a profit. For the fiscal 1998/99, the profit was DKr 91mn (USD 12mn). MD Foods plc is part of MD Foods International, which reports a DKr 71mn net profit for 1998/99, compared with a DKr 59mn loss in 1997/98. Turnover increased to nearly DKr 6bn from Dkr 4.6bn. Besides the UK operations, MD Foods International also includes companies in Korea, Argentina and Saudi-Arabia.

United Kingdom, Sales, profits & dividends, Fluid Milk & Cream, Fluid Milk Manufacturing, MD Foods PLC

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DENMARK: MD FOODS ALLOWED TO RAISE PRICES

Article Abstract:

Konkurrenceradet, the Danish competition authority, states that the dairy group MD Foods is allowed to raise prices of several milk products by 3-8%, as there are alternative suppliers on the market. Forbrugerradet, the Danish consumer protection agency, had reported the case to the competition authority.

Government regulation (cont), Commodity & service prices, MD Foods International

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