Woolworths and Coles have slashed red meat prices for consumers and defended the amounts they pay farmers, as the man unions picked to investigate allegations of price gouging called for a competition watchdog inquiry into the big supermarkets.
Former Australian Competition and Consumer Commission chairman Allan Fels wrote to Treasurer Jim Chalmers on Monday, asking for the ACCC to launch a formal investigation ahead of the release of his findings in February.
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Ayesha de Kretser is a senior reporter with The Australian Financial Review covering the aviation and tourism sectors. She has previously reported on banking, mining and commodity markets. Connect with Ayesha on Twitter. Email Ayesha at ayesha.dekretser@afr.com.au
