FEDERAL Agriculture Minister Peter McGauran has confirmed an Australian Competition and Consumer Com

30 Nov, 2006 07:00 PM

Mr McGauran said farmers were selling more stock than ever because of increased stockfeed prices and the unlikely chance of rain.

³They simply cannot afford to keep their stock alive through the upcoming summer,² he said.

³Therefore more sheep and cattle are being sold at saleyards.

³This increase in supply is resulting in a sharp decrease in the price farmers are receiving.

³However, it does not appear that these extremely low prices are being reflected at the supermarket.

³Consumers continue to pay high prices for beef and lamb.

³I have raised these concerns with the ACCC and asked them to closely examine the situation.²

The ACCC advised they would undertake an examination of the costs and transparency of the price of red meat being charged to consumers.


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