{"id":11308,"date":"2024-09-05T05:23:07","date_gmt":"2024-09-04T17:23:07","guid":{"rendered":"https:\/\/thebuzz.apnanetwork.co.nz\/?p=11308"},"modified":"2024-09-05T05:23:07","modified_gmt":"2024-09-04T17:23:07","slug":"government-action-needed-to-break-supermarket-duopoly-pain-consumer-watchdog","status":"publish","type":"post","link":"https:\/\/thebuzz.apnanetwork.co.nz\/?p=11308","title":{"rendered":"Government action needed to break supermarket duopoly pain &#8211; consumer watchdog"},"content":{"rendered":"<p>The government must break up the supermarket duopoly and stop major players enjoying high profits at the expense of consumers, a consumer watchdog is urging.<\/p>\n<p>The Commerce Commission&#8217;s grocery report\u00a0<a href=\"https:\/\/www.rnz.co.nz\/news\/business\/526985\/stiff-penalties-proposed-for-supermarkets-as-commerce-commission-finds-no-improvement\">released on Wednesday<\/a>\u00a0revealed competition in the sector has not improved and margins and profits are too high.<\/p>\n<p>Consumer NZ said it supports the grocery commissioner Pierre van Heerden&#8217;s plans to ramp up regulation and enforcement &#8211; which could come with fines of up to $10 million.<\/p>\n<p>But even more drastic change was needed, Consumer NZ head of research and advocacy Gemma Rasmussen said.<\/p>\n<p>&#8220;Ultimately, it is the role of government to step in and talk about structural change and market break-ups, if they feel that the supermarkets aren&#8217;t complying.&#8221;<\/p>\n<p>It was disappointing the supermarkets had not made the changes the commission wanted to see, she said.<\/p>\n<p>rnz<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The government must break up the supermarket duopoly and stop major players enjoying high profits at the expense of consumers, a consumer watchdog is urging. The Commerce Commission&#8217;s grocery report\u00a0released on Wednesday\u00a0revealed competition in the sector has not improved and margins and profits are too high. Consumer NZ said it supports the grocery commissioner Pierre [&hellip;]<\/p>\n","protected":false},"author":6,"featured_media":11309,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[222,174],"tags":[],"class_list":["post-11308","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-latest-news","category-nz-news"],"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/thebuzz.apnanetwork.co.nz\/index.php?rest_route=\/wp\/v2\/posts\/11308","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/thebuzz.apnanetwork.co.nz\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/thebuzz.apnanetwork.co.nz\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/thebuzz.apnanetwork.co.nz\/index.php?rest_route=\/wp\/v2\/users\/6"}],"replies":[{"embeddable":true,"href":"https:\/\/thebuzz.apnanetwork.co.nz\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=11308"}],"version-history":[{"count":1,"href":"https:\/\/thebuzz.apnanetwork.co.nz\/index.php?rest_route=\/wp\/v2\/posts\/11308\/revisions"}],"predecessor-version":[{"id":11310,"href":"https:\/\/thebuzz.apnanetwork.co.nz\/index.php?rest_route=\/wp\/v2\/posts\/11308\/revisions\/11310"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/thebuzz.apnanetwork.co.nz\/index.php?rest_route=\/wp\/v2\/media\/11309"}],"wp:attachment":[{"href":"https:\/\/thebuzz.apnanetwork.co.nz\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=11308"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/thebuzz.apnanetwork.co.nz\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=11308"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/thebuzz.apnanetwork.co.nz\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=11308"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}