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Coles and Woolworths to face Senate scrutiny amid claims of profiteering (www.theguardian.com)

submitted 2 years ago by melbaboutown@aussie.zone to c/melbourne@aussie.zone

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This is what the Greens were pushing for. Will be watching

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[–] kowcop@aussie.zone 12 points 2 years ago (1 children)

Can you imagine the lengths these companies go to to screw over the producers? We often look at how it hurts our pockets, but for Coles and Woolworths, the profit margin works both sides. Say milk, if they screw the producer down so it is only barely profitable (can’t have them not being able to supply) and then pump up the price for the consumer, it is a double win.

[–] melbaboutown@aussie.zone 7 points 2 years ago

I'd say that's exactly what they're doing