Coles Pocketed 65% of The 10c/L Milk Levy
Last edited 05/12/2019 - 19:18
WOW, Coles just never fails us, We need a more powerful ACCC.
Coles introduced 10c/L milk levy on 20 March 2019, promised to fully passed on to Australian farmers, then from 1 April, they only passed on 3.5c/L
The ACCC's investigation focused on claims that when an unrelated 6.5 cents per litre increase commenced on April 1, 2019, Coles reduced its payments to Norco under the 10 cents per litre retail price increase from 10 cents per litre to 3.5 cents per litre.
Norco is a milk co-operative comprised of 194 member farms in northern New South Wales and Queensland.