Thursday, July 25, 2024

ACCC launches market study into cattle and beef industry

The Australian Competition and Consumer Commission has announced that it will conduct a market study into Australia’s cattle and beef industry.

The study will scrutinise competition, efficiency, transparency and trading issues in the beef and cattle supply chain.

“Competition and consumer issues in the agriculture sector are a priority for the ACCC,” ACCC Chairman Rod Sims said.

Mr Sims said that the cattle and beef market study would be the first of several agricultural market studies conducted by the ACCC in the coming years. The ACCC will hold public forums in regional areas to hear from interested parties and receive written and oral submissions, including confidential submissions.

The ACCC will likely publish draft findings for further comment in September. A final report will be released at the end of the year.

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