Nosh complaining about arbitrage they created

Oh this is hilarious. Nosh are complaining because smart dairy owners are buying their below cost milk and then on-selling to at a profit…kind of like Trevor Mallard did with his tickets:

But not everyone who is buying the milk is drinking it.

“It’s an unfortunate incident that happens on a regular basis as far as trade coming in and purchasing the milk to on-sell,” says Mr Cibulskis.

3 News found one such example a few hundred metres up the road from Nosh.

Owners at a small store confirmed sending their children to Nosh to buy milk on numerous occasions.

The owner of the dairy did not want to appear on camera but says she bought the milk from Nosh because it was cheap and she could make a profit.

…But Jubeda Patel who owns a superette in Auckland’s CBD says milk pricing is the cause of this war between Nosh and the dairy up the road.

And she says Nosh is being a bit precious.

“I don’t think she’s doing anything wrong. She’s running a business which is hard for everyone. She’s paying the price that Nosh is asking. And Nosh may be closing earlier hours and she may be able to offer it at a different hour to them,” says Ms Patel.

Nosh has now told the owners of the dairy not to come back.

Nosh created the arbitrage, now they are upset about it. It shows basic economic illiteracy that they should be upset at people taking advantage of it.


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