Agmates Editor Steve Truman writes;
This is why we need Royal commission into Meat Prices:
Retail Price to Consumer AUD$50 a kilo.
BRISBANE pensioner Ellen McDonald (picture left) was stewing chuck steak yesterday, still shocked that her local butcher was selling premium lamb cutlets for $50 a kilo. Click Here to read that story.
Photo by Darren England - Courier Mail article 23rd of April.
Wholesale Price AUD $6 a kilo.
In the article the Butcher tells that he has paid a wholesaler $6 a kilo for the meat he sells for $50 a kilo. A mark up of $44 a kilo.
Processor Price to Farmer AUD $3 a kilo.
The processor pays the farmer approx $3 a kilo and sells it for $6 a mark up of $3 a kilo. In that the processors has all the costs of killing, storing and delivering the meat to the retailer. The processor would hope to keep perhaps 20 cents a kilo as profit.
The Farmer gets AUD $3 a kilo.
Western Australian Beef cattle producer John Fry of Torridon Grazing has told the ACCC inquiry into grocery prices that he receives less from wholesalers than it costs to operate his feedlot, and warns that the industry may be forced into ruin.
The Australian Competition & Consumer Commission is conducting hearings on the price of groceries.
Agmate John Carter wrote an article on this just last week. - Supermarket Duopoly Ripping Off Australian Cattle Producers. Click Here to Read that Article
The Australian Beef Association claims that Red Meat Consumers in Australia are paying $3-4 billion a year too much for meat. They have called for a Royal Commission into what consumers pay for meat and what producers are paid. To see that article click here.
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