Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search

 

Brumby's pledges to maintain bread prices

Brumby's pledges to maintain bread prices despite petrol rises

September 30, 2005

Leading Australian and New Zealand bakery franchise operator Brumby's Bakeries today pledged to maintain its current bread prices despite the increased cost of petrol.

And it warned consumers to be wary of unscrupulous retailers who may try to profiteer from the petrol crisis.

Michael Sherlock, managing director of Brumby's which has 303 stores, said the higher price of petrol was putting pressure on many food retailers as the cost of fuel impacted on all stages of the manufacturing process.

"We are fortunate that the price we pay for all of our ingredients is agreed in advance and that we don't do deliveries therefore we're not affected as badly as some," Mr Sherlock said.

"So, at least in the short term, we will be maintaining our current prices."

Mr Sherlock said consumers should be wary of some retailers who may try to use the cost of petrol as an excuse to hike up their prices.

"There are some unscrupulous people out there who may try to profiteer. Hopefully, the vast majority of retailers are acting fair."

ENDS

© Scoop Media

 
 
 
Business Headlines | Sci-Tech Headlines

 

Voluntary Administration: Renaissance Brewing Up For Sale

Renaissance Brewing, the first local company to raise capital through equity crowdfunding, is up for sale after cash flow woes and product management issues led to the appointment of voluntary administrators. More>>

Elsewhere:

Approval: Northern Corridor Decision Released

The approval gives the green light to construction of the last link of Auckland’s Western Ring Route, providing an alternative route from South Auckland to the North Shore. More>>

ALSO:

Media Mega Merger: Full Steam Ahead For Appeal

New Zealand's two largest news publishers have confirmed they are committed to pursuing their appeal against the Commerce Commission's rejection of the proposal to merge their operations. More>>

Crown Accounts: $4.1 Billion Surplus

The New Zealand Government has achieved its third fiscal surplus in a row with the Crown accounts for the year ended 30 June 2017 showing an OBEGAL surplus of $4.1 billion, $2.2 billion stronger than last year, Finance Minister Steven Joyce says. More>>

ALSO:

Mycoplasma Bovis: One New Property Tests Positive

The newly identified property... was already under a Restricted Place notice under the Biosecurity Act. More>>

Accounting Scandal: Suspension Of Fuji Xerox From All-Of-Government Contract

General Manager of New Zealand Government Procurement John Ivil says, “FXNZ has been formally suspended from the Print Technology and Associated Services (PTAS) contract and terminated from the Office Supplies contract.” More>>