The ACCC report into the state of competition in the grocery sector was released to mixed reactions yesterday. Federal Government “I believe that our action plan, combined with the broader reforms that are already in train to further strengthen competition policy, such as the amendments to the misuse of market power provision and the criminalisation of serious cartel conduct, will ensure that the grocery market remains competitive,” the Assistant Treasurer, Chris Bowen, said. “The introduction... ...Read more »

The planned two-week national truck stoppage, which began at midnight, has already led to panic amongst some consumers but appears unlikely to lead to major food supply shortages. Mick Pattell, a spokesman from the National Road Transport Forum - one of the organisers of the shutdown, hopes the public gets behind truck drivers and is keen for government action. “Hopefully the government will come to the table fairly quickly and not allow this to happen to the public,” he said, according... ...Read more »

The ACCC Grocery Price Inquiry held it’s last planned public hearing in Melbourne yesterday, with Metcash the final company to be put under the spotlight. Metcash, Australia’s largest wholesaler, was questioned on a range of issues, which have already been highlighted throughout the preceding months. The ACCC was particularly interested in the strength of price competition provided by independent grocers to the major supermarkets. ACCC Chairman, Graeme Samuel, questioned Metcash CEO,... ...Read more »