Monday, January 28, 2008

Australian Commission Investigates Competitiveness of Grocery Industry

Last week, the Australian Competition and Consumer Commission ("ACCC") announced that it is holding public inquiry into the competitiveness of grocery prices in Australia, as mentioned here.

Amid concerns that grocery prices are rising faster than the prices of other goods, the inquiry will consider: the current structure of the grocery industry at the supply, wholesale, and retail levels, including mergers and acquisitions by the national retailers; the nature of competition and the pricing practices in the grocery industry; and factors influencing efficient pricing of inputs along the supply chain, according to a press release from the Assistant Treasurer. The ACCC is soliciting public submissions on topics to be detailed in an Issues Paper to be released shortly.

As I mentioned in a recent post, concerns have previously been raised regarding the competitiveness of the grocery industry in the United States, including the recent merger between Whole Foods and Wild Oats.

Related Post: FTC Approves Mergers after Divestitures: A&P, Schering-Plough.

 

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