Woolworths warns of higher prices if grocery bill rushed through

Woolworths warns of higher prices if grocery bill rushed through
It's the final countdown to regulation. (Image: Getty)
Paul McBeth
Woolworths New Zealand is warning of higher prices for consumers if the government presses ahead with plans to regulate the grocery sector at pace. The Australian owner of the domestic Countdown supermarket chain faces greater regulation of its wholesale business under a new grocery regime that would introduce a grocery commissioner to oversee the sector and impose new rules if Woolworths and its major rival, Foodstuffs, can’t reach commercial deals with suppliers. Parliament’s economic development, science and innovation...

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