Coles will pay dairy farmers at least $5 million after the competition watchdog found the supermarket giant failed to pass on a drought levy on fresh milk.
About 200 dairy farms will receive $10,000 each after the ACC threatened to take Coles to court for short-changing its own brand milk supplier since April.
In March, Coles announced it would be increasing the price of its own milk by 10 cents per litre to raise money for drought-stricken farmers However complaints were made that Coles wasn’t paying farmers the amount it promised. The competition watchdog said farmers who missed out would be fully compensated.
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