The Finance Minister says there will be an announcement in the next week on the Government's next steps to encourage more competition in the supermarket sector.

Nicola Willis has previously indicated intentions to encourage a third player into the market to challenge the two incumbents.

She explained while it's good to have a niche provider opening - unless someone is opening multiple stores, it's hard to get competition impact.

"I've been engaging with a range of smaller players, and that's something I've identified. It's clear to me that the Government will need to take further action."

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