Milk Price Has Gone up

Anybody else surprised that the milk price has gone up? It is now $2.60 for a 2 litre bottle, up 8.7%.

Comments

  • +1

    Happened a while ago, didn't it?

    Edit: no

  • +2

    Damn Cows and Unions. lol

    • +2

      Unionised Cows

      • +1

        How are you people ionizing cows?

        • +1

          Covid Vaccines probably I dunno 5G?

  • Oh no…

  • +2

    No, not surprised, It was reported in the news last week. Woolworths started it.

  • +2

    Anybody else surprised that the milk price has gone up?

    Nope. Inflation is wild high, the feds are just pretending it isn't a thing.

    Prices of all food has gone up!

  • +3

    This sums up OP: https://i.imgur.com/hLmq2lg.png

    Don't vote liberals next time.

    Check out how Rudd went:

    Some dude: https://www.afr.com/policy/economy/kevin-rudd-20181015-h16ne...

    or

    https://www.smh.com.au/politics/federal/nobel-laureate-lauds...

    THE Nobel Prize-winning US economist, Joseph Stiglitz, has described the Rudd government's stimulus package as ''one of the most impressive economic policies I've seen, ever''

    • -4

      Love the downvotes, do you think you are better than a Nobel Prize-winning economist at macroeconomics?

      • +6

        The same Joseph Steiglitz who advocates for banning crypto and says it's only use case is for illegal activities?

        The same Joseph Steiglitz who advocated for Biden's 3.5 trillion dollar stimulus spending bill earlier this year after already spending trillions and having run away inflation affect the lowest income earners?

        No wonder you like him with all the posts you made against bitcoin at the start of the year.

        • -2

          who advocates for banning crypto and says it's only use case is for illegal activities?

          Source?

          who advocated for Bidens 3.5 trillion dollar stimulus spending bill earlier this year after already spending trillions and having run away inflation?

          Source?

          That's what a stimulus is, if you cheap out, you might as well not do one

          • +2

            @deme: You could have just googled it yourself than ask for a source.

            https://www.cnbc.com/2019/05/02/joseph-stiglitz-we-should-sh...

            https://edition.cnn.com/2021/02/23/perspectives/stimulus-bid...

            It shows an extreme lack of diligence on your behalf to not be aware of this when you consider him some infallible deity.

            • -1

              @studentl0an: No, an actual source that shows what he said not a filtered account from news.

              • +2

                @deme: It's direct quotes by him in the articles!. How dense can your argument possibly be?

                • -1

                  @studentl0an: With no to little context which is important.

                  • +2

                    @deme: What are you on about, seriously? The context is in the title and the subject matter we are discussing.

                    I would also like to add that people like you who advocate for corporate welfare to be given from the banks in the form of debasement of our savings through stimulus spending (corporate welfare is an example of what I would call 'the banality of evil'. You advocate for banks being bailed out in the form of corporate welfare for large organisations at the expense of peoples savings accounts being raided in the form of debasement.

                    I think many people are becoming aware of all of this especially in this year as in 2021 they can see first and how their purchasing power is diminishing as all expenses rise significantly more than CPI. Meanwhile you advocate for more stimulus spending which will further decrease their purchasing power and increase asset costs.

                    I think the way you argue the merit of your points is further making people aware of how incorrect it is.

                    • -1

                      @studentl0an:

                      You advocate for banks being bailed out in the form of corporate welfare for large organisations at the expense of peoples savings accounts being raided in the form of debasement.

                      Lets quickly check on that easily googleable fact and oh, Rudd gave most of the stimulus to poor folk, like a good stimulus should.

                      Where as what did the Libs do?

                      I think the way you argue the merit of your points is further making people aware of how incorrect it is.

                      • +5

                        @deme: He gave billions to banks also! If not for that we wouldn't have had an explosion in housing prices since then due to banks lending out money to everyone and their dog at tiny rates which Rudd pressured the RBA into (have a look at RBA cash rate lowering in 2008):
                        https://parlinfo.aph.gov.au/parlInfo/search/display/display....
                        https://edge.alluremedia.com.au/uploads/businessinsider/2018...

                        It was Rudd's policies and RBA cash rate that flooded the housing market with speculation in the form of investment properties, and people buying homes that in the past they would have had to save a significantly more for to service a loan.

                        Rudd kept a rotten loan system going by kicking the can down the road to where we are now in regards to housing pricing to income ratio.

                        Here's an Australia economist who disagrees that Rudd's spending even prevented a recession:
                        https://www.afr.com/policy/economy/kevin-rudd-did-not-save-t...

                        Here's a economic science journal article stating the same:
                        https://www.jstor.org/stable/43199629

                        In 2021 people across all walks of life are becoming well aware that stimulus spending translates into higher prices across the board and a diminishing purchasing power.

    • Brofessors are experts in history but blows as financial advisors.

      They want people to hodl fiat money and buy gold as a store of value.
      No thanks.

  • +3

    Paging [email protected] to tell us to buy cryptocurrency

    • +1

      And it's having a black Friday sale too!

      • I've been waiting for weeks for a discount. Friday's news was a great opportunity to BTFD. Long 2.5x and up +8.0%.

        👍 🚀 🌕

  • Good, hopefully most of the difference is ending up with the farmers.

      • +1

        how can i get a job as a bull?

      • +2

        bulls will be spared being masturbated for their semen

        I've never heard a bull complaining.

  • +7

    I just want milk that costs like real milk.

  • +2

    It's because of cows with guns.

  • +3

    Everything has gone up ~20%.

    • +3

      At least. My supermarket shop is up from $130 a week to $210 a week in the last 2 years, same item, same store.

      • +6

        The government is telling us CPI is only 3%. Governments never lie, right?

        • +3

          I'm sure it is only 3% if you keep changing the weighting to suit your agenda.

  • +1

    What can I say when people are too busy shopping for widgets and junk while the AUD is getting rug pulled.

    I'll let the chart speak for itself.
    https://ibb.co/4PdsrBp

    Every day things will get more expensive in 2022. It's inevitable.

  • +1

    The real hidden inflation, when inflation is averaged with everything else.

  • +3

    Don't blame woolies, they only made a measly $2.1bn net profit for 2020/21.

  • +4

    Nearly everything has gone up lately, it's not just milk. Things I buy consistently and the recent increases I've noticed just in the last month:

    Smith's Thinly Cut Chips up 20c
    Frozen Mixed Vegetable Bag up 50c
    Beef Mince Tray 800g up $2.00
    Chicken Mince Tray 500g up $1.00

    I feel sorry for pensioners, they already live poverty level, but are facing these increases to all the basics needed to survive. Petrol is also through the roof.

    • Petrol is at a better level now than it was a month or so ago. It’s “only” about $1.60 for 91 now when it was something like $1.90 not long ago, but yeah still high compared to last year when it was around $1.20-$1.30 or something.

  • I always buy reduced to clear milk, last one I got was a 2 l Paul's skim milk for 65 cents :D

    • +1

      My last was 3L for 50c

  • Shouldn't there be a poll on this post?

  • +3

    Are woolies still collecting drought relief?

    • Truely yes even though we had flood in NSW last year…

  • +2

    Spent lots of my childhood on a dairy farm. Hard to forget the times and the changes over the last 60 years or so.
    But it should really cost say 5 bucks to cover the hard work at the farm and the consequental issues. Tax the beer to help the farmer!

    • +2

      Do you realise how badly beer is taxed? If milk was taxed at the same rate nobody would buy it.

      • Actually I don't drink either but one can turn milk into cheese and I love that! Just tax the alcohol high enough, would make sense during the pandemic!

  • With covid we have less overseas worker, so everything from farmer hand to truck driver to shelf stacker are now being paid more, so of course the end result is that the consumer ends up footing the bill.

    The real losers are those who are on government support who hasnt had any increase but now facing rising costs.

    • Everything the farmer has to spend money to make the produce is more expensive due to inflation.

      Paying seasonal workers to work for a few weeks a year is nothing compared to the costs of fertilizer, seed, animal feed, farm equipment and living costs. There's also the fact that many crops are harvested and sorted by Combine Harvesters, and don't rely on having seasonal workers to manually harvest.

      But yes, it's nearly always the lowest income earners who are hardest hit by the hubris of politicians.

      • How about subsidies to farming sector?

        • As inflation decreases purchasing power - subsidies end up providing less assistance to farmers in relation to costs, further compounding increasing in costs.

          The only people who win are politicians and rich people. Everyone else gets taxed more and has their purchasing power reduced. If costs go up 20% in a year, but your wage increase is CPI at 3%/year then you didn't get a raise, you lost 17% of your wage in a year.

  • +2

    Supermarkets can charge $10 that doesnt mean the farmers will see the pay raise.

  • Sadly the Dairy farmers won’t get much more from it if anything. Big changes likely on the way for dairy and cattle.

    https://youtu.be/Kj96nxtHdTU
    Delivered to what appears to be something like a US equivalent of our COAG.

    ‘Interesting times’ ahead for some industries I think….

  • Overseas demand has risen, as well as extra costs due to the current pandemic

  • -1

    Worried about milk price… but then think nothing to spend extra on that coffee

  • With what’s going on in Australia fresh food industry and C19, it’s not really that much of a surprise. As long as the majority of the price rise gets passed onto the farmer and not to the supermarkets.

  • I can't understand how we can get it so cheaply. Think about it.
    Also can't understand complaining about the price when so many buy expensive coffee and pay more for bottled water!
    Milk should be double the price, but it should go to the farmers, not retailers.

  • 30% increase in 2 years in Milk Price alone, and still bottled are labelled with Drought Relief..

    Not sure who is milking whom :(

  • Think $2.60 is bad? my favorite juice carton has gone up to $10!

  • Colesworth are a monopoly & a rort to farmers.

    I remember 2L milk @$2, 3L/$3 only a couple yrs ago. I also remember we had droughts so they increased it 10%, informing the public with stickers that the 10% was going straight to farmers. Never did the price every come down, just the sticker.

    Look at boxed water was $4/10L no $4.40 = 10% increase in 1 year. $8/24 x 600mL now at $8.80.

    Wage increase? You're lucky to get 3% and takes the union 3 yrs to fight the company to approve.

  • Seriously asking, is this possible because of increased foreign ownership of dairy farms?

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