Ernie Newman: Grocery expert says supermarket discounts aren’t being passed on to customers
Early Edition with Ryan Bridge · Newstalk ZB
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Show Notes
The Commerce Commission is ramping up efforts to disrupt the supermarket monopoly.
It says supplier charges and promotional pricing are reinforcing the dominance of Foodstuffs and Woolworths.
It's proposing a simplified grocery code, reducing the range of payments that supermarkets can charge suppliers.
Grocery expert Ernie Newman told Ryan Bridge that supermarkets are receiving billions of dollars in discounts - which largely aren't being passed on to consumers.
He says there's more money floating around in the sector than the Commerce Commission had previously identified.
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