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Australian farmers issue an urgent warning to Coles and Woolworths shoppers: ‘Really pisses me off’


Australian farmers have reacted furiously to suggestions major supermarkets are set to post super profits because they have the power to pass on soaring costs to consumers as experts reveal evidence of price gouging on essentials.

Major retailers, including supermarket giants Coles and Woolworths, are preparing to announce their profits for the 2021-22 financial year and market analysts expect them to post billion-dollar gains even as the skyrocketing cost of living bites consumers.

Stock market analyst Johannes Faul told the AFR that supermarkets’ ability to raise prices as needed meant profits would at least remain ‘steady’.

Australian farmers have reacted furiously to suggestions that rising inflation could boost supermarket profits because they can pass rising costs onto shoppers (pictured is NSW farmer Chris Stillard and his son)

Australian farmers have reacted furiously to suggestions that rising inflation could boost supermarket profits because they can pass rising costs onto shoppers (pictured is NSW farmer Chris Stillard and his son)

New analysis has predicted consumers will give up on luxuries and focus on essentials as the cost of living crisis bites, accepting high supermarket prices and allowing the big retailers to maintain profits  (pictured are stallholders from Paddy's Market, which often have lower prices than supermarkets)

New analysis has predicted consumers will give up on luxuries and focus on essentials as the cost of living crisis bites, accepting…



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Written by Bourbiza Mohamed

A technology enthusiast and a passionate writer in the field of information technology, cyber security, and blockchain

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