Coles To Protect WA Dairy Farmers
AUSTRALIA - Coles has made a five cent a litre price increase to milk processor Brownes Dairy, to ensure West Australian dairy farmers are not impacted by Coles’ recent cuts to its retail milk prices.
24 February 2011
1 minute read
Coles Merchandise Director John Durkan said that Coles had asked Brownes, owned by New Zealand milk processing company Fonterra, to pass the price increase directly onto dairy farmers in WA.
“We’ve said from the outset that Coles was fully funding the retail price cut on our own brand milk, and that we had no intention of this price cut being passed onto dairy farmers,” Mr Durkan said.
“We have volunteered this additional payment as further evidence of our commitment to deliver better customer value on milk, while not adversely affecting the incomes of dairy farmers.
“We believe this additional payment to Brownes should give WA dairy farmers greater comfort that they will not be impacted by the Coles brand retail milk price cuts.”
Mr Durkan said the additional payment in WA was made after discussions with Brownes and WA dairy farmers.
Coles five cent a litre price rise to Brownes Dairy is effective from Wednesday 23 February 2011.
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