1 00:00:00,320 --> 00:00:03,040 Speaker 1: A lovely teas yesterday from the government aimed at those 2 00:00:03,080 --> 00:00:05,520 Speaker 1: of us still hurting at the cost of putting food 3 00:00:05,559 --> 00:00:08,960 Speaker 1: in the supermarket trolley. The government wants more competition in 4 00:00:09,000 --> 00:00:13,040 Speaker 1: the grocery sector. It was a nicely timed message. Despite 5 00:00:13,039 --> 00:00:15,440 Speaker 1: all the big picture talk of foreign investment in a 6 00:00:15,480 --> 00:00:18,360 Speaker 1: new economic ministry and a focus on growth, growth, growth, 7 00:00:18,680 --> 00:00:21,400 Speaker 1: the government has not forgotten that most key wes are 8 00:00:21,400 --> 00:00:25,080 Speaker 1: dealing with simpler day to day challenges like affording groceries. 9 00:00:25,600 --> 00:00:28,960 Speaker 1: About the announcement by Financing Economic Growth, Minister Nikola Willis 10 00:00:29,000 --> 00:00:32,239 Speaker 1: at the University of Waikato Economics Forum in Hamilton was 11 00:00:32,560 --> 00:00:36,960 Speaker 1: very much connected to the government's economic growth plan and 12 00:00:37,040 --> 00:00:38,839 Speaker 1: look that's not a bad thing. Got to love a 13 00:00:38,880 --> 00:00:42,360 Speaker 1: government with focus, or at least messaging focus. The issue 14 00:00:42,400 --> 00:00:45,720 Speaker 1: is there isn't really a plan here at all. The 15 00:00:45,760 --> 00:00:49,120 Speaker 1: government has set its receptive to cracking down on pricing 16 00:00:49,159 --> 00:00:52,440 Speaker 1: and helping you entrants access land and properties. Willis said 17 00:00:52,440 --> 00:00:54,600 Speaker 1: that if the new competitor presented a proposal to her, 18 00:00:54,680 --> 00:00:57,000 Speaker 1: she would be willing to do a deal give them 19 00:00:57,000 --> 00:01:00,600 Speaker 1: the VIP treatment through a bespoke arrangement. There was mention 20 00:01:00,840 --> 00:01:04,840 Speaker 1: of existing proposals that Willis knew of companies possibly interested, 21 00:01:04,840 --> 00:01:07,319 Speaker 1: but for commercial reasons, she wouldn't disclose who they were. 22 00:01:07,600 --> 00:01:10,400 Speaker 1: Who knows how serious these contenders are. Do they have 23 00:01:10,440 --> 00:01:12,959 Speaker 1: a well considered proposal or was it a conversation in 24 00:01:13,000 --> 00:01:17,200 Speaker 1: a corry lounge. It all sounds quite hypothetical. Those with 25 00:01:17,400 --> 00:01:19,840 Speaker 1: knowledge of the grocery industry will tell you that the 26 00:01:19,880 --> 00:01:22,120 Speaker 1: only way a third party could make a go of 27 00:01:22,160 --> 00:01:25,320 Speaker 1: it here they would need roughly one hundred and forty outlets, 28 00:01:25,360 --> 00:01:27,959 Speaker 1: set up a billion dollar supply chain, and would require 29 00:01:27,959 --> 00:01:30,280 Speaker 1: the big players to be broken up for any competition 30 00:01:30,319 --> 00:01:34,920 Speaker 1: on price or sustainability. It is a lot. Willis says 31 00:01:34,920 --> 00:01:37,840 Speaker 1: she's up for the fight, but a forced divestment of 32 00:01:37,880 --> 00:01:40,760 Speaker 1: some properties by incumbents is needed. It will be some 33 00:01:41,040 --> 00:01:44,200 Speaker 1: scrap one the previous government did not push ahead with. 34 00:01:44,959 --> 00:01:48,680 Speaker 1: So I'm not entirely sure what this teas has accomplished 35 00:01:48,720 --> 00:01:52,360 Speaker 1: other than some friendly headlines, A gentle poke at Foodstuffs 36 00:01:52,360 --> 00:01:55,440 Speaker 1: and will Worths and to continue the keyweed distant dream 37 00:01:55,520 --> 00:01:59,200 Speaker 1: of lower prices if a third party entered the New 38 00:01:59,280 --> 00:02:05,000 Speaker 1: Zealand super market scene. So the Great Supermarket Talkathon continues. 39 00:02:06,120 --> 00:02:09,040 Speaker 1: For more from early edition with Ryan Bridge listen live 40 00:02:09,200 --> 00:02:12,200 Speaker 1: to news talks it be from five am weekdays, or 41 00:02:12,280 --> 00:02:14,200 Speaker 1: follow the podcast on iHeartRadio