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Grain buyers exercise market power over growers
26 Apr 2005
Wheat and barley farmers are getting less for their product because of the lack of competition among the nation's food manufacturers, a study by Rural Industries Research and Development Corporation found. The study looked at market power in the grains and oilseeds sectors and found wheat and barley farmers were the most disadvantaged because of the power enjoyed by domestic food and beer makers.
The RIRDC researchers said there was "a positive probability that flour and cereal food product manufacturers exert market power when purchasing wheat, barley, oats and triticale," and that "beer and malt manufacturers exert market power when purchasing wheat and barley."
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