Price Determination in the Australian Food Industry A Report

Price Determination in the Australian Food Industry A Report
89. Share of retail price of cooking oil, 750ml bottle 83
90. Retail and farmgate returns for margarine, $ per tonne equivalent,
quarterly 1997–2003 84
91. Share of retail price of margarine, 500g tub, average across category 85
92. Cost dissection for cooking oil products 85
93. Birds in egg production, 1994–2002 87
94. Eggs: Major drivers of prices and costs 88
95. Cage eggs, supply chain map 89
96. Consumer price index, food and eggs, 1996–2002 90
97. Retail and producer prices for eggs, cents/dozen, 1996–2003 90
98. Shares of retail price and volume of eggs 91
99. Birds added monthly to egg production, 1994–2002 92
100. Supermarket egg sales by price, $/dozen, and volume,
’000 cartons/month, 2001–2003 93
101. Markets for Australian sugar 94
102. Packaged refined sugar: Major drivers of prices and costs 95
103. White sugar, 2kg, supply chain map 96
104. Retail and farmgate sugar price, white, 2kg, 1993–2002 97
105. Indicative price of rice, medium grain, US$/tonne, bulk 4% ex-Spout
Sacramento, 1996–2003 99
106. Rice: Major drivers of prices and costs 100
107. Packet rice, supply chain map 101
108. Share of supermarket sales volumes, 2003 annual turnover 101
109. Retail prices for rice, white long grain, 1kg, cents/kg 102
110. Retail prices for rice packs, long grain, 1kg, cents/kg, quarterly 1994–2003 102
111. Share of retail sales value of rice, long grain, 1kg, average all grocery retail sales 103
112. Share of rice milling costs 103
113. Rice crop size, ’000 paddy tonnes 104
114. Returns of Australian dairy companies, three-year average 106
115. Financial position of Australian dairy companies 107
116. Returns of dairy companies, three-year average 108
117. Financial position of dairy companies 109
118. Control of brands, share by value, 2002 109
119. Returns of global food companies, two-year average 110
120. Balance sheets of global food companies, % 110
121. Returns of global and Australian food companies, two-year average 111
122. Returns for primary manufacturers, three-year average 112
123. Grocery retail – what determines prices? 115
124. Target returns 116
125. Costs of doing business and gross profit, three years, % of sales 120
126. Days in stock 120
127. Earnings before interest and tax, last three years, % of sales 120
128. Sales per annum per square foot (0.914 square metres), US$’000 121
129. Return on equity employed, % 121
130. Visibility in fresh markets 127
131. The effects of value-adding 129
132. Targeting the stomach 130
viii