New Zealand's grocery sector's competition remains stagnant due to dominant players Foodstuffs and Woolworths, according to the Commerce Commission report.

The New Zealand Commerce Commission's latest report reveals stagnant competition in the grocery sector, dominated by major players Foodstuffs and Woolworths. Despite a new Grocery Industry Competition Act, profit margins are rising, and concerns about misleading pricing persist. The Commission may impose stricter regulations and penalties to enhance competition, as experts suggest that a third national supermarket network is essential for a healthier market.