Campaign for ‘fairer’ food prices

2022-05-12T07:00:00.0000000Z

2022-05-12T07:00:00.0000000Z

NZME

https://communitynews.co.nz/article/281586654188744

News

Consumer NZ has launched a petition asking minister David Clark to put consumers first and go beyond the Commerce Commission’s grocery market study recommendations. “Every day the supermarkets are taking more than $1 million in excess profits from our collective back pockets,” said Consumer NZ chief executive Jon Duffy. “These profits are twice what they should be. We need more competition to drive down prices. “No one is going to start up a competing supermarket without reliable access to wholesale groceries, but currently the duopoly dominates access to wholesale supply. “The Commerce Commission has recommended the supermarkets consider supplying other retailers. “We think this is unrealistic to expect from an entrenched duopoly used to calling the shots.” To create an even playing field for new and existing grocery retailers, Consumer is asking Clark to consider regulating access to wholesale supply or creating a state-owned wholesaler. The details of its request has been outlined in an open letter to Clark. “We want to create the conditions for more competition in the grocery sector, which will ultimately result in fairer prices,” said Jon. “We recognise that food prices are going up for a variety of reasons . . . but excess profits on top of already high food prices are a slap in the face for households struggling to put food on the table.” To sign the petition, head to campaigns.consumer.org.nz/ supermarkets

en-nz