Review Calls for Mandatory Supermarket Code

Review Calls for Mandatory Supermarket Code

An interim report recommending a mandatory code of conduct for supermarkets with hefty financial penalties for breaches has been delivered to the Australian Government.       The review recommended current voluntary guidelines be made into legally-binding obligations....
Review Calls for Mandatory Supermarket Code

Consumer Sentiment Stays Negative

After rising sharply earlier this year, consumer sentiment is falling, recording its second consecutive fall in April. The Westpac-Melbourne Institute consumer sentiment index declined 2.4% points from the prior month to 82.4 in April. It’s the longest time the index...
Review Calls for Mandatory Supermarket Code

Lactalis to close Echuca site

Lactalis will close its Echuca factory, putting more than 70 jobs at risk. However the French-owned company will invest $85m over the next three years in its other Victorian sites. A detailed review of operations led to a plan for one regional hub in the state, and...
Australian consumer confidence dips again

Australian consumer confidence dips again

Consumer sentiment has weakened according to Westpac-Melbourne Institute index, which fell 1.8% to 84.4, from the February reading. The 12-month outlook for the economy was down 4.5% and the 5-year outlook rose 1.1%. The measure for household finances also fell 1.4%...
Review Calls for Mandatory Supermarket Code

Australian farmland value doubles

Average price per hectare of broadacre farmland has more than doubled in the ten years to 2023. That’s the latest reading from ABARES Farmland Price Indicator. Farmland values peaked in 2022 at $9,576ha, with an average annual growth rate of more than 10% in the past...