After years of tension between farmers and supermarkets over produce supply contracts, the federal government has announced a voluntary code to govern the relationship.
The code, which formalises interactions between supermarkets, wholesalers and suppliers, will come into effect on Tuesday.
Farmers and other suppliers have long complained about being squeezed by supermarket contracts, particularly by the imposition of marketing fees or levies.
The food and grocery code of conduct will ensure that supply agreements are made in writing, and that minimum standards of behaviour are adhered to. It will include a new reasonableness test for proposals to vary supply chain agreements, and formalise a process for resolving disputes.
Agreements that have broken down will be taken to the Australian Competition and Consumer Commission.
Full Content: The Land
Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.
Featured News
ConocoPhillips Acquires Marathon Oil for $22.5 Billion in Major Energy Sector Consolidation
May 29, 2024 by
CPI
Judge Denies Amazon’s Bid to Dismiss FTC Lawsuit Over Prime Membership Practices
May 29, 2024 by
CPI
Germany and France Advocate for Major EU Competition Reform
May 29, 2024 by
CPI
Equifax Accused of Monopolizing Employment Verification Market in New Suit
May 29, 2024 by
CPI
Car Battery Makers to Challenge EU Cartel Charges in Brussels
May 29, 2024 by
CPI
Antitrust Mix by CPI
Antitrust Chronicle® – Merger Guidelines Retrospective
May 21, 2024 by
CPI
Mergers of Complements
May 21, 2024 by
CPI
Personality Traits, Private Equity, and Merger Analysis
May 21, 2024 by
CPI
The 2023 Merger Guidelines: Lessons in the Importance of Incipiency, Modern Economics, and Monopsony
May 21, 2024 by
CPI
The 2023 Merger Guidelines: Sharpening Merger Analysis
May 21, 2024 by
CPI