New Zealand First announces a policy to break up the supermarket duopoly, lower food prices, and reform the 'farm to shelf' system to ensure fairer treatment of Kiwi producers and families facing rising grocery costs.
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Look, we've been saying for some time here that basically of a retail dollar, as the supermarket, our owners, and each of them individually owned, get about 19 cents out of each retail dollar. So went trawling through the pack and save freezers to have a look at the piece. And basically a kilo of peas, we retail between $5.29, a normal price is $3.49 on special. So, you know, if you mix that up, it's about $4.35 on average. You take GST off that, you get $3.78. Those bags of peas cost us about $3 to buy into store. So that brings you back to about 18 or 19 cents and the dollar is what the supermarket earns and there's been, you know, months of studies on this industry so that looking at the... looking at that and proving it out.
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unfair wealth accumulation by giants
NZ First Campaign Policy Announcement: NZ First Will Break Up the Supermarket Duopoly, Bring Food Prices Down for Kiwiscriticizes excessive profits in grocery sector
Release: Labour calls for food pricing inquirySocial-media signal on the same topic, drawn from the social lens. Engagement is likes + 2×shares + 3×replies, the same weighting used across the digest cards. View on /social →
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