Report finds the country’s main grocers, Woolworths and Foodstuffs, make huge profits compared with their international counterparts
New Zealand’s government will consider breaking up its supermarket duopoly to secure more affordable food prices for shoppers, after a new report that found the grocers were making huge profits and charging some of the highest prices in the OECD.
David Clark, the commerce and consumer affairs minister, said on Thursday the government would “do whatever it takes to make sure New Zealanders get a fair deal at the checkout”.
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