this post was submitted on 12 Jul 2024
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  • In short: Families are making significant savings on their grocery bills by forming small shopping co-ops.

  • Cooperative business structures account for less than 1 per cent of the supermarket sector in Australia.

  • What's next? The peak body for co-ops is calling for more government support for the business model.

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[–] [email protected] 4 points 4 months ago

This is the best summary I could come up with:


Vendor Frankie Schipirra, whose family has been in the fruit and vegetable business for decades, said he's seen an influx of small informal co-ops at Paddy's Markets due to cost-of-living pressures over the last six to 12 months.

While Mr Blythe's co-operative is informal, some have set up as profit-sharing enterprises or non-profit organisations offering membership to the public.

Ms Morrison said these cooperative structures allowed people to pool their purchasing power in the face of cost-of-living pressures.

Ms Morrison adds that the purpose of a co-op is to deliver benefits back to members, rather than profit maximisation and returns to investors.

In Australia, cooperatives exist across a broad range of industries including banking, insurance, agriculture, motoring and retail.

Professor Foster says although co-ops can exert some price pressure, they won't be able to seriously challenge Coles or Woolworths given the market share, convenience and range of products the major supermarkets have.


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