Supermarket chain Coles has been forced to raise the prices of its home-brand milk as cost of living continues to rise – the latest blow in a series of price increases that has hit Australian consumers this year.
Coles announced rising costs in sourcing, transportation and packaging has forced them to increase prices of its Coles brand milk by up to 60 cents.
“Raising prices is never something we do lightly, however the increased supply chain costs we are seeing, including higher payments to dairy farmers and processors, have necessitated these increases," Coles Chief Commercial Officer Leah Weckert said in a statement.
this is great news , get the bottom feeder market paying more , win for us as , once all this settles we will be far more profitable in about 18 months .
Supermarket chain Coles has been forced to raise the prices of...
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