Most Australian food companies currently struggling: David Williams explains why

Kidder Williams Managing Director David Williams says cost-of-living pressures rather than supermarket price gouging is the reason many Australian food companies are struggling at the moment.

The former investment banker who has been behind many of Australia’s biggest food deals sat down with Sky News Australia Business Editor Ross Greenwood to discuss whether the food industry and farmers need an inquiry into supermarkets and their pricing practices.

“Most Australian food companies at the moment are struggling, but they are not struggling primarily because of the supermarkets,” Mr Williams said.

“They are struggling because of the cost of freight, they are struggling because of the cost of power, they are struggling because of access to labour, and the cost of labour and so forth.

“Depending on who you are it could be the cost of milk from the farmer."