SUGAR AT 7D
Chain Stores’ Price War (N.Z. Press Association) WELLINGTON, April 10. Sugar prices were slashed to less than half today in a brief, but lively, “war” between rival chain stores in Kilbirnie and Naenae. For a couple of hours late this morning and early this afternoon hundreds of excited shoppers bought sugar for 7d a pound. The normal retail price is Is 3d. Shortly after 1 p.m. an “amnesty” was reached between the rival organisations and “peace” was to be restored at an agreed price of 6s 9d for 61b. Asked whether the “war” today was a prelude to a drop in the wholesale price of sugar, the secretary of the New Zealand Sugar Company (Mr F. G. Ellingham) said: “I have no knowledge at all of any impending price change.”
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Bibliographic details
Press, Volume CIII, Issue 30413, 11 April 1964, Page 3
Word Count
133SUGAR AT 7D Press, Volume CIII, Issue 30413, 11 April 1964, Page 3
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