The fight brewing over the beer giants who have captured the Australian market

  • 📰 brisbanetimes
  • ⏱ Reading Time:
  • 35 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 17%
  • Publisher: 67%

Malaysia News News

Malaysia Malaysia Latest News,Malaysia Malaysia Headlines

The assistant competition minister says Australians are “paying too much for a schooner” and independent brewers say the consumer watchdog should investigate.

The federal government and independent brewers are urging the consumer watchdog to investigate the “enormous market power” of Australia’s two largest beer products amid claims they are squeezing competition and pushing up prices.

“Australians are paying too much for a schooner. And we need to have a more competitive market,” he said. While the committee was unable to calculate the exact profit margins of the two big players, information from Asahi’s purchase of CUB in 2019 suggested CUB had a profit margin of about 40 per cent.

“It appears that the margins are very high. It appears that they’re far higher than the retail part of the same sector … this is certainly an area that warrants monitoring, at the very least,” he said. Tap real estate was vital for brewers, as it gave customers a chance to try a new brew before committing to buying a six-pack or case at a bottle shop, Neil said.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 13. in MY

Malaysia Malaysia Latest News, Malaysia Malaysia Headlines