The Food and Grocery Council says it has no evidence to support allegations large supermarkets were potentially pressuring suppliers over pricing.
This week, delivery-based supermarket Supie claimed some suppliers appeared to be putting pressure on Supie to increase food prices and suggested the two large supermarket operators were behind that. Supermarket Sweep Shirt
Supie told investors by email it was making an impact on the market, but “we’re seeing the push back from this with multiple suppliers reaching out to us concerned that our prices are competitive with the duopoly (Foodstuffs and Woolworths) and demanding that we increase retail pricing, despite maintaining reasonable profit margins.”
Supie founder Sarah Balle told RNZ the approaches from suppliers came after the company implemented a more competitive pricing strategy in January.
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