Food producers meet ACCC to keep lid on Coles, Woolies clout

A host of food industry and farmer organisations representing $220 billion in sales has met with officials from theto air concerns that soaring inflation and the market clout of Coles and Woolworths could result in an increasing corporatisation of the food supply chain.

meant they were in a stronger position to push those rising costs back down the supply chain to other players in the chain.Food inflation is on the rise and a group of industry bodies is trying to ensure that local growers and store owners have a level playing field as cost pressures rise.Better protection and tough competition laws would ensure a robust independent sector at a time when more consumers want to shop locally, but are also conscious of household budgets being squeezed.

Mr Forbes said the cost of ingredients had climbed by about 25 per cent in the past few months, while the hefty rises in international shipping costs showed how crucial it is for Australia’s home-grown food industry to be in the best possible shape. “This is not a Woolworths and Coles bashing exercise,” he said. But it is crucial that smaller producers are protected.and Baiada Poultry control about 70 per cent of the market. “It’s very hard to pass on those costs,” he said.Master Grocers Australia chief executive Jos de Bruin said there were “anomalies” in the supply chain, such as an independent supermarket in a remote town missing out on supplies of particular groceries because suppliers had Woolworths and Coles as the top priorities.

Source: News Formal (newsformal.com)

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