A claim has come that the current reforms to our supermarket sector won't bring proper competition.

Statistics New Zealand data shows that as food costs jumped 12.5 percent in the year to April, fruit and vegetables shot up 22 percent.

Westpac Industry Economist Paul Clark says methods like splitting up the duopoly would have a much more dramatic effect.

He says alongside increased food prices for New Zealanders,  there's another downside caused by the duopoly.

Clark says it means a lack of choice for consumers.

LISTEN ABOVE

A claim has come that the current reforms to our supermarket sector won't bring proper competition.
Statistics New Zealand data shows that as food costs jumped 12.5 percent in the year to April, fruit and vegetables shot up 22 percent.
Westpac Industry Economist Paul Clark says methods like splitting up the duopoly would have a much more dramatic effect.
He says alongside increased food prices for New Zealanders,  there's another downside caused by the duopoly.
Clark says it means a lack of choice for consumers.
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.