No issue with $1 milk former Coles boss says
WESFARMERS chief Richard Goyder has “no issue” with $1 a litre milk, saying Coles’ suppliers were subsequently paid more and money went back to farmers.
The outgoing managing director also criticised the numerous inquiries into the price of milk, arguing what the dairy industry needed was better infrastructure and efficiency.
Mr Goyder will this month stand down after 13 years at the helm of Wesfarmers, the owner of Coles supermarkets.
“If you went outside now and asked people, ‘Would you buy $1 milk or $1.20 if 20 cents went back to the dairy farmers?’, 100 per cent of them will tell you, ‘No, I’ll buy it at $1.20’,” he said.
“I’ll tell you, when they go to the supermarket, they buy the $1 (milk).”
Mr Goyder, who grew up on a wheat and sheep farm in Western Australia, spearheaded the $19.3 billion acquisition of Coles in 2007 and was well aware of the farmer backlash to the supermarket giant’s “Down Down” and $1 milk campaigns.
“At the end of the day I don’t have an issue with what we did (on $1 milk) because ... subsequently we paid the processors who supply us with milk more,” Mr Goyder said.
MILK PRICE: The man who spearheaded the $1 milk campaign has no regrets.