The Latest Breaking News from Metcash

Representatives from major supermarkets and suppliers have appeared before an inquiry as the consumer watchdog prepares to report on the sector.

Supermarket giant Coles rejects punishing fresh produce suppliers who disagree on pricing, as the company is grilled at an inquiry into the sector.

A retail expert says it's "not unreasonable" for supermarkets to spend years developing sites for stores, as the government moves to crack down on land banking.

Challenging conditions will remain ahead of Christmas as consumers tighten their belts, IGA supplier Metcash has told shareholders.

Suppliers of food and other products have been complaining for years about their treatment at the hands of Woolworths, Coles and Australia’s other big supermarket chains, although rarely to the supermarkets themselves – perhaps, as suggested in a recent Four Corners program, because they feared retribution.

Government to adopt recommendations of conduct review in full amid consumer and supplier complaints about soaring profits

Supermarkets guilty of anti-competitive behaviour towards suppliers will face large penalties under a mandatory Food and Grocery Code of Conduct the Albanese government will implement.

IGA supplier Metcash will buy Superior Food, Bianco Construction Supplies and Alpine Truss for a total of around $558 million.

The ASX200 has climbed 0.7 per cent as investors feel more confident global central banks will stop tightening rates earlier than previously thought.