Coles to sell $1 milk for ‘foreseeable future’

Posted by AFN Staff Writers on 27th July 2011

Coles intends to keep the price its of house brand milk at $1 a litre for the foreseeable future, Coles Managing Director Ian McLeod is quoted as saying.

Mcleod said, “I told the Senate Committee earlier this year that Coles brand milk prices would stay down for at least six months and given the positive customer response, we are committed to keeping prices down for as long as possible.”

This statement follows the recent Australian Competition and Consumer Commission (ACCC)’s finding that Coles’ discounting of prices for its house branded milk did not breach Australian competition laws.