Marape hails Whitlam for ‘hearing the cries of the founding fathers of Papua New Guinea for our own self-determination’. Follow the day’s news live
David Littleproud continued:
But there needs to be greater architectural reform, which is also what Professor Fels articulated, which is what the Nationals have said. When there’s too much market concentration, you have too much power.
And all we’re saying is that whether it is in the supermarket [or farm gate], we want fair prices from the farm gate to the supermarket gate.
I think that he demonstrated the need and reinforced what the Nationals have been calling for, when there’s evidence, clear evidence around price gouging.
We saw that with meat prices where farm grade prices dropped by 60% or 70% in June. Yet, the checkout price only dropped by 18%. They put pressure all the way down through the supply chain. And what Allan Fels has said in his inquiry is that we need to have more ACCC price investigations, where there’s clear evidence. And that’s what we were calling for and the government ignored that. And I think shoppers have paid too much.
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