28 Apr 2010

Farmers market falls foul of Commerce Act

5:40 pm on 28 April 2010

The Gisborne Farmers Market has been forced to remove a rule governing the price that produce can be sold for, after the Commerce Commission deemed it a breach of the Commerce Act.

The market's committee passed a resolution late last year that required stallholders to sell their produce above the level of wholesale prices.

An investigation by the Commerce Commission found it was an attempt to fix and control prices - which is illegal under the Commerce Act.

A commission spokesperson says a settlement has been reached with the Gisborne Farmers Market, ensuring that prices will now be set by the individual stallholders.