Saputo sells facilities to Coles

"Saputo has announced it plans to sell two of its fresh milk processing facilities in Laverton North, Victoria, and Erskine Park, NSW, to supermarket Coles, a situation the dairy industry says needs to be watched closely...

Dairy advocacy group eastAUSmilk said the farm gate price paid to dairy farmers must remain fair and transparent, with Coles now owning the equivalent of the dairy “paddock to plate“.

eastAUSmilk co-chief executive officer Shaughn Morgan said the ACCC must ensure there were no negative impacts upon the Australian dairy industry, especially given the declining milk production and farmers exiting the industry over the past years.

"We will closely monitor the ACCC review and the impact that the Coles purchase may have on the dairy industry," he said.

The sale follows Saputo’s announcement late last year that it was selling its Maffra plant."

To read the article in full, go to: The Cowra Free Press

Source: Fiona Lloyd, 4 April 2023