Retailers ‘will lose out to Chinese’

Original article by Blair Speedy
The Australian – Page: 18 : 29-Jul-14

Dominant supermarket chains Coles and Woolworths have been urged to raise their farmgate prices, or risk losing supply as primary producers instead export to the lucrative market in China. The warning has come from Federal Agriculture Minister Barnaby Joyce, who noted that the companies are selling white label milk for just $A1 a litre when consumers in China are prepared to pay $A7 or more. Joyce also said he fully backed a Federal Court case by the Australian Competition & Consumer Commission against Coles, over alleged unconscionable conduct in its relations with food sector suppliers

CORPORATES
WOOLWORTHS LIMITED – ASX WOW, WESFARMERS LIMITED – ASX WES, COLES GROUP LIMITED, AUSTRALIA. DEPT OF AGRICULTURE, AUSTRALIAN COMPETITION AND CONSUMER COMMISSION, FEDERAL COURT OF AUSTRALIA, ALDI STORES SUPERMARKETS PTY LTD, NORCO CO-OPERATIVE LIMITED, MURRAY GOULBURN CO-OPERATIVE COMPANY LIMITED

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