Amongst his list of 20 key demands, Bob Katter wants the next Australian government to reduce the market share of Coles and Woolworths down to 22.5%, i.e. a 75% reduction on their current share of around 80%. It’s worth recalling that only 35 years ago the market share of the duopoly was around 40%, so their rise has indeed been meteoric.
It’s also worth recalling that over this same 35-year period around 45,000 Australian farmers have left the land as a result of the ‘cost-price’ squeeze, and the power of the supermarkets to depress farmgate prices has played a major role in this exodus.
Read the Courier Mail’s report of Katter’s demand here.