AUSTRALIA: Study revealed true cost of proposed labelling laws
If the new labelling laws get the green light, Australian consumers could find themselves paying up to 2% more for their weekly shop.The Australian Food and Grocery Council (AFGC) has expressed outrage that the "seriously flawed" proposals are still being considered, and CEO Mitchel Hooke commented that ANZFA was wrong in promoting the labelling legislation publicly before a governmental decision was made and without considering the businesses involved. "We [do not] dispute… matter of public health and safety. We are opposed to the mandatory labelling provisions which are likely to confuse, mislead and cost consumers unnecessarily," Hooke said.To fully assess the impact of new nutrient and ingredient labelling requirements, the AFGC commissioned a KPMG study, which has revealed that food and drinks companies across Australia and New Zealand can expect to face costs of up to A$400m, causing a 2% rise in the price of food. Taxpayers can also expect a A$15m burden for enforcement of the laws.
Get full access to all content, just $1 for 30 days
A Message From The Editor
just-food gives you the widest food market coverage.
Paid just-food members have unlimited access to all our exclusive content - including 17 years of archives.
I am so confident you will love complete access to our content that today I can offer you 30 days access for $1.
It’s our best ever membership offer – just for you.
Dean Best, editor of just-food
- Focus: Nestle CEO plan to balance sales, earnings
- Does Kraft Heinz want to swallow Unilever whole?
- Will Kellogg's DSD exit help it grow in US snacks?
- Comment: Meal kits in US - don't believe the hype
- Is Mondelez's margin target hurting sales?
- Nestle plans restructuring as 2016 profit misses
- Danone eyes efficiency, agility with new structure
- Kraft Heinz pursuing Unilever in takeover move
- Kraft Heinz returns to organic growth, ups margins
- Aryzta CEO, CFO resign amid strategic review