Supermarkets 'fixed dairy prices'
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Supermarkets and dairy producers colluded to fix prices of cheese, milk and butter, competition watchdogs find.
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A competition watchdog will clamp down supermarkets being too dominant in any local area, reports suggest.
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Fonterra Cooperative Group Ltd., the world&#39;s biggest dairy exporter, said its A$1.34 billion ($1.01 billion) offer for the rest of National Foods Ltd.
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Gulf Arab state Qatar has made a bid approach for J Sainsbury Plc, which newspapers said valued Britain's third-biggest supermarket group at about 12 billion pounds ($24.5 billion), including debt.
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By STEEMAN, Marta  Boom times are beginning for the dairy industry after a record payout was forecast yesterday that will boost Canterbury dairy farmer incomes by about $176 million next season.
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The four main supermarkets say they will "vigorously" defend allegations that they colluded with dairies to fix the price of dairy products.
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Dairy farmers are to protest at Tesco stores about the amount of the money they receive from the sale of milk.
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Food producers and government sign an agreement to freeze prices for a range of basic foodstuffs.
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MELBOURNE (Dow Jones)--Australian dairy company National Foods Ltd. (NFD.AU) reported Friday a net profit of A$68.7 million for the year ended June 30, up 14% from A$60.
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29/10/2004 National Foods will hunt for a &quot;white knight&quot; to protect it from Fonterra`s $A1.62 billion ($NZ1.76 billion) bid, raising the risk New Zealand dairy farmers will get dragged into an expensive bidding war.
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Stepping up its takeover defense from predator New Zealand Fonterra Co-operative Group, dairy target National Foods said today its shares were worth between $6.11 and $6.65 a share.
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East Kilbride-based dairy group Robert Wiseman is celebrating its second major milk contract after sealing a new deal with supermarket giant Tesco.
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The British competition watchdog accused British supermarkets and dairies on Thursday of colluding to fix prices, resulting in customers being overcharged 270 million pounds (386 million euros, 542 million dollars) for dairy products.
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A watchdog is set to say supermarkets should open new stores where choice is limited, the BBC learns.
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Tesco is told to pay more than Â£50,000  after admitting 25 charges of selling food passed its expiry date.
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Blame shoppers, not supermarkets I don't think Shaw's Supermarkets' ''10 for $10" program ranks very high on the consumer-outrage scale, and I see nothing to criticize supermarkets for (''Supermarket promo is for real, more or less," Dec. 19).
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WASHINGTON - Wholesale prices dipped 0.1 percent in August as a retreat in food costs helped to blunt a rise in the price of some energy products, a fresh sign that inflation isn't currently a problem for the economy. The decline in the Producer Price Index, which measures costs of goods before they reach store shelves, came after wholesale costs edged up by 0.1 percent in July, the Labor Department reported Friday...