Foodstuffs takes softly-softly approach to water down regulation

Grocery prices are rising faster than wages. (Image: Depositphotos)

Thu, 02 Feb 2023

The Foodstuffs co-operatives put on a brave front in their bid to soften looming government regulation, unlike their Australian rival, which posed the threat of rising prices. The co-ops made a joint written submission on the Grocery Industry Competition Bill, urging the government to be open to suggested tweaks to an untested backstop regulatory regime in the wholesale supply of groceries if Foodstuffs or the Woolworths-owned Countdown chain can’t reach commercial deals with suppliers. Foodstuffs told Parliament’s economi...

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