Australia’s $100 billion-plus food manufacturing industry is at risk from intense supermarket concentration, which also enables exploitation of shoppers, a Senate inquiry has been told.
Former consumer watchdog boss Allan Fels said price strategies in concentrated markets like Australia was a way consumers could be exploited, adding had the Woolworths buyout of Victorian-based, US-backed Safeway in the 1980s not proceeded, “we would have had a much more competitive retail sector”.
Subscribers with digital access can view this article.
Already a subscriber?
Denial of responsibility! Yours Bulletin is an automatic aggregator of the all world’s media. In each content, the hyperlink to the primary source is specified. All trademarks belong to their rightful owners, all materials to their authors. If you are the owner of the content and do not want us to publish your materials, please contact us by email – admin@yoursbulletin.com. The content will be deleted within 24 hours.