Supermarket Excess Profit Petition

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#2913851 14-May-2022 08:48

Eva888: @mattwnz PacnSave online Wellington.
Your Tararua is $8.30 compared to the same brand in Petone @ $5.99. Crazy difference.

Kilbirnie

Anchor $6.49
Tararua $6.29. Petone $5.99
Mainland $7.89
Rolling Meadow $5.79

Supermarkets change the mix of brands and products - and the prices - based on the affluence of the area in which they are situated. At least, they do in the U.K. so I imagine they do here as well.

Dratsab

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#2913855 14-May-2022 09:29

Eva888: Dairy was always a relatively cheap staple in NZ. Not so long ago butter was $3 and you got Edam cheese for $9. How did we reach here.

International wholesale prices affect the local price. Fonterra probably regard it as a bit of a PITA to supply the local market when they could much more easily just bulk ship everything offshore.

The international market is used to justify local meat prices as well even though, as a rule, export quality meat is not fed into the local chain.

Geektastic

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#2913894 14-May-2022 10:56

Dratsab:
Eva888: Dairy was always a relatively cheap staple in NZ. Not so long ago butter was $3 and you got Edam cheese for $9. How did we reach here.

International wholesale prices affect the local price. Fonterra probably regard it as a bit of a PITA to supply the local market when they could much more easily just bulk ship everything offshore.

The international market is used to justify local meat prices as well even though, as a rule, export quality meat is not fed into the local chain.

Yes. Why would we want to eat the good stuff? 😤

kiwifidget

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#2913895 14-May-2022 10:56

sen8or:

I re-did my comparison shop again last night, New World (Lincoln) vs Pak n Save (Hornby), matching item for item. With a $230 shop this week, difference was about $7 slightly in favour of Pak N Save, certainly not the night/day price difference that I would have thought.

Stick-man??

Delete cookies?! Are you insane?!

mattwnz

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#2913932 14-May-2022 12:48

Dratsab:
Eva888: Dairy was always a relatively cheap staple in NZ. Not so long ago butter was $3 and you got Edam cheese for $9. How did we reach here.

International wholesale prices affect the local price. Fonterra probably regard it as a bit of a PITA to supply the local market when they could much more easily just bulk ship everything offshore.

The international market is used to justify local meat prices as well even though, as a rule, export quality meat is not fed into the local chain.

Except aren’t NZ tax payers subsidising them with things like carbon tax due to the amount of methane that cows produce. They never brought that tax in. Also look at our river and water quality over the last few decades. I wouldn’t be surprised if imported dairy ended up being cheaper eventually. It is a lot cheaper to also buy milk powder to make milk than buy fresh milk and I know a lot of people now doing this

GV27

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#2913940 14-May-2022 13:23

mattwnz: Except aren’t NZ tax payers subsidising them with things like carbon tax due to the amount of methane that cows produce. They never brought that tax in. Also look at our river and water quality over the last few decades. I wouldn’t be surprised if imported dairy ended up being cheaper eventually. It is a lot cheaper to also buy milk powder to make milk than buy fresh milk and I know a lot of people now doing this

You get into all sort of philosophical questions about what is and isn't a subsidy when it comes to Ag emissions given that other countries specifically exclude them.

It's been a long time since grass-fed meat in NZ could be argued as 'affordable' so I'm not really sure why people are so wedded to the idea that dairy should be any different.

New World

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Kyanar

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#2914049 14-May-2022 20:37

Dratsab:

The international market is used to justify local meat prices as well even though, as a rule, export quality meat is not fed into the local chain.

Pork being the one exception, as New Zealand explicitly does not export pork in any form. The bacon and pork loin you buy in shops runs the gamut from offcuts to export quality, as there is no export market.

Which makes that ad ages ago where some dude went to London to yoink bacon off people’s plates saying “we’re bringing that home” or some equal rubbish quite a misdirection.

Kyanar

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#2914051 14-May-2022 20:47

sen8or:

I re-did my comparison shop again last night, New World (Lincoln) vs Pak n Save (Hornby), matching item for item. With a $230 shop this week, difference was about $7 slightly in favour of Pak N Save, certainly not the night/day price difference that I would have thought.

Pak n Save and New World are both part of the Foodstuffs co-operative. It’s not surprising their prices are similar. You’d need to compare Pak n Save or New World vs Countdown or Fresh Choice.

gzt: Chemist Warehouse that is correct. My mistake. I misremember the advertising and it's always the first correct result when I Google the variations..

Chemist Warehouse has a pretty poor reputation as a good corporate citizen though. The family that owns it frequently uses their political connections to their benefit in ways that harm other pharmacies, and their franchise model is widely disliked by pharmacists since like most franchises it’s basically just wealth transfer to the franchisor. They even managed to screw over the public AND the government all at once during the pandemic by diverting their rapid antigen tests to the Queensland Government at ridiculous expense (the government’s expense, not theirs).

Given a choice between having Chemist Warehouse and paying a $5 gap fee on prescriptions, I’d pay the five bucks.

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#2914064 14-May-2022 21:11

Kyanar:
Dratsab:

The international market is used to justify local meat prices as well even though, as a rule, export quality meat is not fed into the local chain.

Pork being the one exception, as New Zealand explicitly does not export pork in any form. The bacon and pork loin you buy in shops runs the gamut from offcuts to export quality, as there is no export market.

Which makes that ad ages ago where some dude went to London to yoink bacon off people’s plates saying “we’re bringing that home” or some equal rubbish quite a misdirection.

I wonder why they do not export pork?

Lias

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#2914174 15-May-2022 11:16

Geektastic:

I wonder why they do not export pork?

I would assume because our domestic demand vastly outstrips domestic supply.. I've heard something like 80-90% of our pork is imported.

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roobarb

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#2915746 18-May-2022 18:17

Kyanar: Pork being the one exception, as New Zealand explicitly does not export pork in any form.

Article from 2018

https://www.foodnavigator-asia.com/Article/2018/03/06/New-Zealand-to-export-pork-to-Australia#

Apparently small quantities are exported also to Pacific islands and Singapore.

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gzt

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#2916414 20-May-2022 11:40

Govt will action urgent legislation in budget to prevent anti competitive land management by supermarkets preventing entry of competition:

https://www.nzherald.co.nz/business/budget-2022-urgent-law-banning-supermarkets-blocking-competitors-welcomed/5RKDBXCRNCQ2MLVUZJ553KY2KU/

Paywalled, but I can see that much : )

Lias

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#2916482 20-May-2022 12:50

gzt: Govt will action urgent legislation in budget to prevent anti competitive land management by supermarkets preventing entry of competition:

https://www.nzherald.co.nz/business/budget-2022-urgent-law-banning-supermarkets-blocking-competitors-welcomed/5RKDBXCRNCQ2MLVUZJ553KY2KU/

Paywalled, but I can see that much : )

I could be wrong but didn't the supermarkets both say they were going to do that already?

Behodar

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#2916485 20-May-2022 12:59

gzt: Paywalled, but I can see that much : )

That's the essence of it. There's also a quote from an 'expert' complaining that it's too little, too late, and implying that it's therefore not worth doing.

gzt

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#2916604 20-May-2022 20:31

Lias: I could be wrong but didn't the supermarkets both say they were going to do that already?

Maybe. Not that I know of. There is 20+ years of this strategy in NZ. I'd be surprised if all that landbanking and covenanting went away overnight voluntarily. Legislation of this nature was recommended by the commerce commission.

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