Focus Morning Bulletin: 08 March, 2022
Supermarkets scrutinised by Commerce Commission, new sanctions for Russia and London high-rise on fire in the latest NZ Herald Headlines. Video / NZ Herald
Supermarkets scrutinised by Commerce Commission, new sanctions for Russia and London high-rise on fire in the latest NZ Herald Headlines. Video / NZ Herald
A sharp decline in whole milk powder prices looks likely at the twice-monthly GlobalDairyTrade auction on Thursday, with futures market pricing suggesting a drop of about 8 per cent.
They're bad luck when fishing and have a bad rap for containing too much sugar, but bananas remain New Zealanders' favourite fruit.
New Zealanders are now paying some of the world's highest prices for basic foods such as milk, chicken and eggs.
Diners are facing worsening service as staffing is cut to compensate for rising restaurant costs.
The price of butter and cheese will drop next month in line with falling international dairy prices - but milk will stay the same.
New Zealand is a victim of its own success - and right now shoppers are paying the price, commentators say.
Imagine, by some clever sleight of hand, dairy monopoly Fonterra artificially inflated the price it pays to farmers.
Consumer prices have jumped further since the most recent official statistics were published in January, the Herald on Sunday finds.