
Govt calls for supermarkets to lift dairy prices
Supermarkets must increase payments to dairy farmers now suffering through the coronavirus crisis after enduring recent devastating natural disasters, the federal government says.
Supermarkets must increase payments to dairy farmers now suffering through the coronavirus crisis after enduring recent devastating natural disasters, the federal government says.
The consumer watchdog believes recent price hikes at the major supermarkets come down to increased costs rather than price gouging.
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Woolworths has raised full-year profit by 7.2 per cent to $1.75 billion after a robust second-half performance by its Australian supermarkets offset softness at Big W and the liquor division.
Coles says its supermarkets will make $1 billion in cumulative savings over the next three years thanks to investments in technology, automation, and artificial intelligence.
The federal agriculture minister has savaged Coles and Aldi for keeping their cut-price milk lines and has urged customers to boycott them.
Metcash shares have continued to fall, tumbling nearly seven per cent a day after the company said it sees more tough times ahead in the supermarket sector.