Australia’s winemakers should review their contracts with grape growers and immediately remove potentially unfair contract terms, including those imposing lengthy payment periods on grape growers, the ACCC says in a new report released today.
ACCC Commissioner Mick Keogh delivers an address to the Growing a Digital Future for Australian Agriculture National Forum at Parliament House, Canberra, on a national vision for digital agriculture. The widespread adoption of digital technologies by agricultural businesses provides new opportunities to facilitate improved productivity, which will be critical for the continued growth of the sector.
Australia’s cattle and beef industry has taken some steps towards improving transparency in dealings between processers and farmers, but more work is needed, the ACCC has noted today.
The ACCC has commenced an Inquiry into markets for tradeable water rights in the Murray-Darling Basin.
As a formal inquiry under the Competition and Consumer Act 2010, the ACCC will have access to compulsory information gathering powers that will enable a thorough examination of competition and transparency issues in the markets.
Future growth prospects for the Australian wine industry will be heavily dependent on reforms to improve competition for wine grapes, according to the ACCC.
The current low level of competition between winemakers buying grapes not only leads to inefficient outcomes in production and pricing but also discourages innovation and capital investment, ACCC Deputy Chair Mick Keogh said in a speech to the Australian Wine Industry Technical Conference in Adelaide today.