[Discuss] Things that were meant to bring prices down but have not. (?)

Forums › Off topic › [Discuss] Things that were meant to bring prices down but have not. (?)

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#3217085 11-Apr-2024 13:50

Though you have to consider the costs of supply chain, marketing, into the UK.
Having dealt with offshore payments this can bring its own cost hedging currencies,
delays and difficulty dealing with problems..
Risks in delayed payment, ships have to suddenly go around the Suez canal etc.
You have a limited quota duty free into UK.
After that its 12% duty, aimed to keep prices higher for UK farmers to compete.

Thats a big difference re overheads in supply to local market.
A demand that ticks along, (Plus its easier to keep an eye on), and you can easily chase up any issues locally.

So yes it should be a lot cheaper here, not the same, and certainly not ever more.

wellygary

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#3217104 11-Apr-2024 14:32

ezbee:

You have a limited quota duty free into UK.
After that its 12% duty, aimed to keep prices higher for UK farmers to compete.

So yes it should be a lot cheaper here, not the same, and certainly not ever more.

I'm not sure it should be "a lot" cheaper, its a commodity...

We've got a 100,000 tonne CWE WTO quota to the UK, (plus another 35K in the FTA) we don't fill it.. so we're well clear of the 12% tariff...

The NZ Supermarket price includes 15% GST (VAT) that will not be present in the UK ..

Most lamb will travel as carcasses not cuts, (so the actual difference in price is simply transport,) and global transport per kg is pretty minimal,

This says it costs about £5000 for 1 TEU NZ-UK
https://www.shipit.co.uk/container-shipping-costs/new-zealand

Envelope maths says
1 TEU - 20 tonne capacity, = $10K NZD = NZD 50c/kg to ship to UK . ( This is for a single one off household goods load, NZ primary exporters will get the rate cheaper )

Shipping into a huge market like the UK means once it hits the importer the movement and production costs are likely lower than in NZ....

Most of the import "penalty" NZ pays on consumer imports is due to our small market size and high internal cost structure, not the distance things are travelling....

MadEngineer

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#3217475 12-Apr-2024 17:50

How about, things that raise your rates or related costs yet when the projects are finished you don’t see a reduction in said fees.

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SaltyNZ

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#3217716 13-Apr-2024 15:15

MadEngineer: How about, things that raise your rates or related costs yet when the projects are finished you don’t see a reduction in said fees.

Capital projects come with ongoing opex. If they were anywhere close to having done their homework then that's included in the rates rise, so it wouldn't go back down again.

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cddt

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#3217836 13-Apr-2024 16:41

SaltyNZ:

Capital projects come with ongoing opex. If they were anywhere close to having done their homework then that's included in the rates rise, so it wouldn't go back down again.

I have this problem at work - I'm given an annual capex budget ("investment"), but my opex budget shrinks every year ("cost saving/efficiency").

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mattwnz

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#3217840 13-Apr-2024 17:13

Anything to do with water in NZ. Including water metering. Yet we let overseas companies take water for almost nothing to sell overseas, to make massive profits off NZs pure water brand.

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#3218109 14-Apr-2024 12:29

EV prices discounted by double the clean car rebate once rebate ended

kingdragonfly

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#3220095 18-Apr-2024 21:39

If Woolworths wants to appear cooperative and transparent at a time of record profits, they should willingly supply Return on Investment (ROI) and Return on Equity (ROE)

ROI measures the return they can expect from their investment in Woolworths. It's the easier to understand.

ROE is a financial metric used by investors and analysts to gauge the profitability of Woolworths relative to equity.

Equity refers to the net value of Woolworths. It is calculated as the difference between the total assets (cash, inventory, property, etc.) and total liabilities (loans, accounts payable, etc.)

'Obviously reluctant': Australian Woolworths CEO continues to be grilled by Senate Inquiry

Sky News Australia

"A member of the Australian supermarket Senate Inquiry has spoken on the fiery clash between outgoing Woolworths CEO Brad Banducci and Greens Senator Nick McKim.

Mr McKim drew issue with Mr Banducci for answering a question regarding Return on Equity (ROE)by saying `his company focusses on Return on Interest instead.

The Greens Senator reminded the outgoing Woolworths CEO of his potential to be held in contempt which could also carry a six-month jail term.

Nationals Senator Ross Caddell joined Sky News to discuss the results of the inquiry so far and said they had found the “big guys” were “hiding behind numbers they want to give”.

“We have evidence the Return on Equity was around 25-26 per cent for supermarkets which is double that of the banking industry,” Mr Caddell said.

“We just wanted to find out if that was true or not but Brad was obviously reluctant to answer that because – well, he didn’t want to.”"

Technofreak

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#3220109 18-Apr-2024 22:43

Surprise, surprise.

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kingdragonfly

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#3223129 26-Apr-2024 17:52

Well, it's crude, lots of rough language. In other words, it's Australian

Price Gouging, Coles and Woolworths

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wellygary

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#3224590 30-Apr-2024 14:37

And in related news, a government study has found water to be wet and the sky blue....- the mind boggles

"Unstaffed petrol stations are helping drive lower fuel prices in their local areas, according to the Commerce Commission."

""Our findings reinforce that unstaffed stations are definitely the way to go for cheaper fuel and anyone who has had one open in their area has probably experienced lower prices," commissioner Bryan Chapple said."

https://www.rnz.co.nz/news/business/515543/unstaffed-petrol-stations-driving-down-prices

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tweake

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#3224594 30-Apr-2024 14:49

wellygary:

And in related news, a government study has found water to be wet and the sky blue....- the mind boggles

"Unstaffed petrol stations are helping drive lower fuel prices in their local areas, according to the Commerce Commission."

""Our findings reinforce that unstaffed stations are definitely the way to go for cheaper fuel and anyone who has had one open in their area has probably experienced lower prices," commissioner Bryan Chapple said."

https://www.rnz.co.nz/news/business/515543/unstaffed-petrol-stations-driving-down-prices

the interesting thing here is that most gas stations make most of their money via the instore items. many of the early pay at the pump gas stations stopped doing that as they suffered a drop in instore sales.

wellygary

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#3224608 30-Apr-2024 15:15

tweake:

the interesting thing here is that most gas stations make most of their money via the instore items. many of the early pay at the pump gas stations stopped doing that as they suffered a drop in instore sales.

Yeah, but the costs of the extra building/staffing/etc etc obviously are a cost plus if you are starting with a blank site,

If security wasn't such a problem, I would think they would also whack up a small shed with Vending machines, to clip both ends of the ticket... :)

elpenguino

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#3224610 30-Apr-2024 15:18

tweake:

the interesting thing here is that most gas stations make most of their money via the instore items. many of the early pay at the pump gas stations stopped doing that as they suffered a drop in instore sales.

Is there anything more annoying than hoping for a quick fill and dash but instead to have to wait for some elaborate coffees to be made?

I haven't been inside a petrol station since I was on a road trip and needed an overpriced icecream.

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tweake

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#3224613 30-Apr-2024 15:22

elpenguino:

tweake:

the interesting thing here is that most gas stations make most of their money via the instore items. many of the early pay at the pump gas stations stopped doing that as they suffered a drop in instore sales.

Is there anything more annoying than hoping for a quick fill and dash but instead to have to wait for some elaborate coffees to be made?

I haven't been inside a petrol station since I was on a road trip and needed an overpriced icecream.

or the insulting prepay.

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