TIGHT economic conditions due to inflation, interest rates and other factors are being reflected in higher mince sales and a trend from red meat to cheaper white meat proteins, Coles said during its third quarter financial results release on Friday.
As part of a broader ‘Dropped and Locked’ price campaign, Coles recently lowered its prices on a range of beef mince and secondary slow cook beef items. That has been widely interpreted as being partly in response to cheaper cattle prices seen since late last year.
In releasing the company’s third quarter financial results yesterday,…
