Coles Hikes Milk Prices, Farmers Get Temporary Boost

0:00It's April 22nd. Welcome to Sydney News today, powered by AI. Coals just slapped 20 cents onto their home brand milk prices per liter. The first big grocery hit from the Middle East war-spiking diesel. Fertilizer and supply costs down under. Farmers been yelling for this bump for weeks, dealing with sky-high inputs and tight stocks tied to that U.S. Israel Iran clash. Now one liter jumps from $1.65 to $1.85. Two liters from $3.20 to $3.55. Spokespeople say it's covering chain-wide pressures from fuel to packaging while everyday folks feel it on petrol, bills and rents. Coals is kicking five cents extra per liter to dairy farmers temporarily. Plus $1 million in one-off aid. Meanwhile, Woolworth plans to match. Norco's hiking two across their 190 farms to avoid shortages and Audi holds low for suppliers. Analysts predict branded milks, yogurts and proteins climbing next.

1:00With last big rises back in July 2022 amid fuel chaos, expect more by year's end, unless oil studies stock up smart while you can.