WEll, they are all in bed with each other….
The Commerce Commission says it will not hold an inquiry into the price of milk.
The commission said after reviewing domestic milk markets it found there was no valid basis for price controls, saying enough rivalry exists between the two main supermarket chains while for wholesale milk, Fonterra and Goodman Fielder compete for supplies.
“Overall our analysis shows that the level of competition, taking into account existing regulation arrangements means that intervention under Part 4 of the Commerce Act is not possible,” said chairman Mark Berry.
Fonterra said it had yet to read the commission’s decision and would comment later.