The beef industry is being asked by the Australian Competition and Consumer Commission (ACCC) to increase its self-regulation.
In its long awaited Cattle and Beef Market Study, the ACCC has made 15 recommendations for better transparency and reporting in the beef sector.
The report calls for:
- All processors and major purchasers of prime cattle to make their price grids available in a timely manner
- Meat and Livestock Australia to improve reporting of prices throughout the whole supply chain
- More transparent data collection and reporting of prices over the hooks and for cattle sold to the live export market
- Standardised licensing of livestock agents
- The introduction of carcase measurement technology and auditing of technology
- A clear dispute resolution process for sales across the beef industry, including online, over the hooks and saleyard sales
- A mandatory buyers' register for saleyards
(From ABC Rural - 7 March 2017)