Consumers shouldn't expect to see savings at the checkout any time soon.

Consultation is underway on a draft code between major grocery retailers and their suppliers - the Government will also appoint a Grocery Commissioner later this year.

Founder of online grocery retailer Supie, Sarah Balle, told Mike Hosking the code of conduct won't make a big difference for a while.

“It’s not going to move the dial in terms of lowering prices at the checkout for consumers any time soon.”

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