ACCC calls for dairy investigation to widen
- March 9, 2011
- source: just-food
Australia’s competition watchdog has reportedly called for the investigation into milk pricing to be widened to include the country’s biggest milk processors as well as retailers.The news comes in the midst of a Senate inquiry into the Australian dairy sector and follows claims from farming representatives that “government inaction” has permitted the country’s largest supermarkets – Coles and Woolworths Ltd – to abuse their market power.
However, according to a report in MoneyWeek Magazine, Australian Competition of Consumer Commission chairman Graeme Samuel has said that, while the focus to date has been primarily on retailers, “we’ve actually got to start looking at others in the supply chain”.
Samuel said: “We want to be sure that the consumer gets the benefits of real aggressive competition, not workable competition. We want to ensure that the farmer doesn’t get put to the power and the weight of these major corporations, primarily the big processors.”
The ACCC is expected to give evidence before a Senate Economics Committee inquiry into milk discounting today.
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One Response to “ACCC calls for dairy investigation to widen”
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Dear Sir,
At last a wider enquiry. Coles say they are not subsidising their Groceries via Shell Service stations. If this is the case then one must ask the question of Coles, Do the Service Stations run 2 sets of accounts? One for the shop side of the business and one for the fuel side of the business. It would be easy to hide a markup on groceries in the fuel. The public perception is that yes Coles are hiding the markup and that is the main reason for the increase in fuel costs. I have no problem with Coles hiding any markups within their Grocery side of the business but I object to them hiding the markup in the fuel side. I also have a problem with Graham Samuel conducting the enquiry. It is similar to the Police investigating the Police, the Government investigating the government etc.
Regards
Brian Ball