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Article: Watchdog defends duopoly on food prices.
- Article from:
- Australasian Business Intelligence
- Article date:
- November 9, 2009
CopyrightCOPYRIGHT 2009 News provided by Comtex. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Byline: Natasha Robinson and Nicola Berkovic and Lanai Vasek
Nov 09, 2009 (The Australian - ABIX via COMTEX) -- New OECD data shows food prices in Australia have risen by 40% over the 10 years to 2009. Many critics claim this is due in large part to the market dominance of some 78% in the groceries sector by Woolworths and Coles Group. However, Australian Competition & Consumer Commission chair Graeme Samuel notes that in fresh food, the two have a share of less than half, and it is in that ...