The latest government move to try and bring down prices at the supermarket checkout has been announced.

It will force Countdown and Foodstuffs to sell groceries to rival retailers at regulated prices - if they fail to supply them on the wholesale market "adequately."

This rule change wasn't recommended by the commerce commission and questions have been asked as to whether it will actually make a difference.

Commerce and Consumer Affairs Minister David Clark joined Heather du Plessis-Allan.

LISTEN ABOVE

The latest government move to try and bring down prices at the supermarket checkout has been announced.
It will force Countdown and Foodstuffs to sell groceries to rival retailers at regulated prices - if they fail to supply them on the wholesale market "adequately."
This rule change wasn't recommended by the commerce commission and questions have been asked as to whether it will actually make a difference.
Commerce and Consumer Affairs Minister David Clark joined Heather du Plessis-Allan.
LISTEN ABOVE

Best of Business is the home of all things business at Newstalk ZB, from morning market updates right through to incisive interviews with New Zealand’s top business leaders and decision makers. 

Whether you’re a small business owner or interested in what’s going on in the Big End of Town, this podcast encompasses the sharpest voices and minds in the world of business.

Best of Business is the home of all things business at Newstalk ZB, from morning market updates right through to incisive interviews with New Zealand’s top business leaders and decision makers. Whether you’re a small business owner or interested in what’s going on in the Big End of Town, this podcast encompasses the sharpest voices and minds in the world of business.

Best of Business is the home of all things business at Newstalk ZB, from morning market updates right through to incisive interviews with New Zealand’s top business leaders and decision makers.