EPISODE · Apr 13, 2022 · 2 MIN
Matthew Lane: Night 'n Day General Manager says supermarket duopoly is to blame for rising food prices
from Best of Business · host Newstalk ZB
The supermarket duopoly is copping blame for the highest food price rise in more than a decade. Latest figures show food prices jumped 7.6 percent in a year - with fruit and veggie prices rising 18 percent. The Consumer Affairs Minister says it highlights the grocery sector's role in driving up prices. Night 'n Day General Manager Matthew Lane told Mike Hosking it's hard for smaller players to break that duopoly. He says when someone captures 85 percent or more of the market - it doesn't leave sufficient scale to compete on those levels. LISTEN ABOVESee omnystudio.com/listener for privacy information.
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The supermarket duopoly is copping blame for the highest food price rise in more than a decade. Latest figures show food prices jumped 7.6 percent in a year - with fruit and veggie prices rising 18 percent. The Consumer Affairs Minister says it...
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Matthew Lane: Night 'n Day General Manager says supermarket duopoly is to blame for rising food prices
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