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Wow, in Australia it’s about 1 AUD or 70c USD per litre. So about the same price, but no subsidies as far as I know. That said we recently had to fund raise fo
by quickthrower2 8y ago
Wow, in Australia it’s about 1 AUD or 70c USD per litre. So about the same price, but no subsidies as far as I know.
That said we recently had to fund raise for farmers due to too dry weather and supermarkets increased the price a little bit explicitly to help them out.
- niij 8y ago> supermarkets increased the price a little bit explicitly to help them out How is this different from normal supply and demand?
- sjwright 8y agoBecause the supermarkets are a oligopsony. This distorts the market.
- benj111 8y agoI thought you'd spelled oligopoly incorrectly, then I googled. I've done a business studies degree so surprised I hadn't come across the term. TIL. https://en.m.wikipedia.org/wiki/Oligopsony https://en.m.wikipedia.org/wiki/Oligopsony
- quickthrower2 8y agoActually I looked more closely today and they sell two supermarket branded milk cartons: one with the donation of 10% added to the price and the regular milk. Same stuff inside I presume!
- voltagex_ 8y agoCounterpoints / sidenotes: that price is really, really low. We probably should pay more for milk but the industry was dereguated in 2001. https://www.dairyaustralia.com.au/industry/prices/farmgate-milk-price https://www.dairyaustralia.com.au/industry/prices/farmgate-m...
- benj111 8y agoWould that not breach anti cartel laws? I assume Australia has some?