ACCC beef report leads to new investigations

The competition watchdog has launched new investigations into alleged bid-rigging and attempts to squeeze out livestock buying rivals, arising from its inquiry into the red meat industry.The Australian Competition and Consumer Commission has released a wide-ranging interim report on the way red meat is sold in Australia.It makes 14 recommendations aimed at improving transparency and fairness in meat pricing and reporting, as well as ways to improve producers’ understanding of the approach taken by livestock buyers and processors.In addition to broader industry issues, the ACCC Agriculture Unit’s first major industry study has uncovered specific allegations of “bid rigging…

Source: ABC Livestock
ACCC beef report leads to new investigations