8th December 2021 Commerce Commission / Foodstuffs
FSNI’s CEO makes a last-ditch attempt to sway the outcome of the Commerce Commission’s market study into the retail grocery sector.
In an open letter to Parliament, the unlikely allies call on MPs to support a “strong intervention” into NZ’s grocery market.
A draft report as part of a year-long review of NZ’s highly concentrated grocery sector will be made public next Thursday morning.
Cartel conduct included price fixing, market allocation and bid rigging.
The Commerce Commission is seeking feedback on submissions received in response to its Preliminary Issues paper on its grocery sector market study.
The year-long study looks at whether competition in the grocery sector was working well, and if not, what could be done to improve it.
The ministry warns that ComCom’s market study of supermarkets is likely to take longer than a year.
The Commerce Commission says it is “satisfied” with Fonterra’s milk prices.
Preliminary issues paper released ahead of review into NZ’s highly concentrated sector
The Commerce Commission will conduct the investigation to see if Kiwis are paying more than they should be.