The consumer watchdog finds Australia's supermarkets are more profitable than their global peers and the two majors don't need to compete "vigorously", but the ACCC stops short of declaring grocery prices excessive.
Interesting reading the article. Would be good to see the complete ACCC report.
‘$2.9 million over 3 years. This would be cash “to help suppliers stand up to the big supermarkets”, the government said.’
I am confused, the goverment thinks there is a problem with how big supermarkets treat producers Handing over 1 million a year solves the issue?