Coles and Woolworths: The Hungry Beasts

In the past couple of months floods have destroyed huge swathes of Australian food crops. Already we’re seeing food prices jump as a result.

But wait a minute! Why are retail prices prices rising so sharply?

Let’s say the wholesale cost of fruit and vege goes up by 20 percent I’m betting that retail prices will go up by the same, maybe more. Coles and Woolies in particular are sure to ignore that the wholesale price is only a small part of their overall costs. But I’m betting that’s not the story their spin doctors will tell.

The Australian people are being taken for fools and our politicians are standing by doing nothing.

Wake up Australia!