POST Online Media Lite Edition



 

Tesco announces close to £14 million of additional support for British egg industry

Christian Fernsby |
Tesco has announced further support for its British egg suppliers and producers, as the sector continues to experience challenging market conditions brought on by price increases in key inputs such as feed and energy and the avian flu outbreak.

Article continues below




The support package includes £13.6m of support already provided to Tesco’s suppliers and producers since March this year, as well as a commitment to provide a further £13.9m of additional support until March 2023, with the support continuing after that date.

Earlier this year, Tesco announced five-year contracts with its five main British shell egg suppliers - Anglia Free Range Eggs, Glenrath Farms, Griffiths Family Farms, Noble Foods and Skea Eggs.

The long-term contracts, which began in October, mean Tesco will continue to stock 100% British shell eggs in its stores, while helping to provide UK egg farmers with the confidence to invest and plan for the future.

Tesco has also confirmed the continuation of its industry-leading poultry feed model. Poultry feed represents up to 70% of the cost of production on egg and poultry farms.

The model adjusts to price changes in the market, providing producers with the cost protection and security they need when buying feed.

The support package will be paid to suppliers to cover the cost of handling, processing and egg production, including any increases in feed for farmers.

Earlier this year, Tesco announced a near 20% rise in the price it pays its British dairy farmers for all its fresh milk.

To help support the British pig sector, the retailer also announced a £10million enhanced payment plan for its farmers and suppliers, alongside a number of other initiatives, including an increase in the volume of British pork in store.


What to read next

Tesco extends winter supplement payment to April 17
British farmers questioning Tesco's labeling
Tesco to remove best-before dates from own-label fruit and vegetables

Capitainer announces collaboration with AstraZeneca

 
The Swedish medtech company Capitainer announces a research collaboration with AstraZeneca.
 
 

Latest

Glovo to lay off 250 employees worldwide
China puts 2,000 km high-speed railways into service in 2022
Mayor of London Sadiq Khan launches biggest ever vehicle scrappage scheme
Air India flight from Sharjah makes emergency landing at Cochin Airport, India

NEWS

Sweden extends COVID-19 entry restrictions on travellers from China

Switzerland: 140 million COVID masks set to expire this year
Spanish police seize 4.5 tons of cocaine from livestock carrier
Coal train derails in Australia's Queensland state, no injuries
6.1 magnitude earthquake hits northwest China
U.S.: Frigid temperatures for parts of center and west
 

BUSINESS

Greece approves construction of floating gas and regasification unit off Athens

Highlights: January 23, 2023 - January 27, 2023
Logistics UK reacts to speculation about part-cancellation of HS2 Project
TABC President: Tunisia can be platform for exporting energy to Europe
Germany faces biggest teacher shortage in 50 years, association says
Electricity from renewable sources on the rise in EU
 

Trending Now

MOL first Japanese company to join First Movers Coalition's shipping sector

Use of neonicotinoids for seeds: France accelerating deployment of alternatives, will support sugar beet sector

Anglo American loads first LNG dual-fuelled vessel in chartered fleet

Ryanair Q3 profit €211m


POLITICS

Vienna's request for funding for fence on Bulgarian-Turkish border rejected

Argentina, Germany agree to close EU-Mercosur free trade pact ‘soon’
Iran to join Shanghai Cooperation Organization
Iran and Kazakhstan eye increasing annual bilateral trade to $3 billion
Italian Prime Minister in Libya to conclude $8 billion gas deal
EU extends economic sanctions against Russia by six months
 

Today We Recommend

EU launches €100 million Regional Teachers' Initiative for Africa


Highlights 

Glovo to lay off 250 employees worldwide

Mayor of London Sadiq Khan launches biggest ever vehicle scrappage scheme

New York: Zinc8 to relocate, invest $68 million, employ 500


COMPANIES

CMA CGM launches call for projects worth €200m to step up pace of decarbonization of French shipping

Kern Liebers announces $10 million expansion in Mexico
Alcoa wind projects in Spain get approval
New York: Zinc8 to relocate, invest $68 million, employ 500
FedEx and Penstone inaugurate new plants in Guanajuato, Mexico
MOL first Japanese company to join First Movers Coalition's shipping sector
 

CAREERS

Chiesi appoints Giuseppe Accogli as new group CEO

Foresters Financial Canada president Henry Auyeung to retire
Dollar Bank names Peter Kubiska new chief marketing officer
Bank of South Carolina CEO Fleetwood S. Hassell to retire
Drest appoints Henri Holm as CFO
VC4A introducing Vincent Hoogduijn as CEO
 

ECONOMY

U.S. personal income rises in December 2022, spending falls

Italy: Business confidence strengthens in January, consumer confidence weakens slightly
Sweden: Economic sentiment deteriorates further in January
U.S. trade deficit for goods soar 8.8% to $90.3b in December
Uzbekistan's economy grows 5.7 pct in 2022
Irish consumer confidence hit seven month high in January
 

EARNINGS

Philips Q4 sales EUR 5.4 billion, 4,000 jobs cuts underway

Provident Bancorp Q4 income $2.7 million
PSB Holding income $4.39 million
Freedom Financial Holdings Q4 income $2,861,940
United Bancorporation of Alabama Q4 income $18.6 million
Pacific West Bancorp Q4 income $561 thousand
 

OP-ED

Micromanaging is the worst enemy of efficiency and teamwork

Niger set to monetize massive gas reserves through Saharan natural gas pipeline
Putting the brakes on EV folly that choked the market
Oil discovery in Kavango Basin may mean huge benefits for Namibians
Cape Town and Dubai battle over Africa's energy future
Is America going to lose its superpower status?
 

AGRIFISH

Independent review: M. bovis spread in Wakanui, New Zealand

Ireland: Minister McConalogue opens 2023 Nitrates Derogation applications
Finland confirms conditions and compensation levels of agricultural subsidies
Use of neonicotinoids for seeds: France accelerating deployment of alternatives, will support sugar beet sector
EU Court of Justice: No more derogations for use of bee-toxic neonicotinoids
New swine fever outbreak confirmed in Gauteng, South Africa
 

LEADERSHIP

Lucky CEO means bad luck for hiring company

Product images could boost food pantry use
The madness of fast service: I want it now!
How to build a resilient brand
Only 32% of employees believe their pay is fair
Corporate duty waivers limit organic company growth and innovation
 

CRIME

EAO issued third fine for Coastal GasLink project

Dutch central bank fines cryptocurrency exchange Coinbase 3.3 mln euros
Bloomberg to pay $5 million for misleading disclosures about its valuation methodologies for fixed income securities
Italy fines Yoox with over 5 million euro for misleading prices and limitations of right of withdrawal
Nexo agrees to pay $45 million in penalties and cease unregistered offering of crypto asset lending product
Virgin Atlantic fined for operating flights in prohibited airspace
 

Magazine

TRAVEL

Tru by Hilton Monterrey Fundidora hotel opens in Mexico

IntercityHotel Berlin Airport BER opens
Art After School, the perfect way to spark imagination in your child
The world's biggest food fair in Berlin you don't wanna miss
Largest antiques show comes to small Texas town
Meet and see great artists from across the United States
 

SEA, LAND, AIR

Honda Pilot TrailSport, fully equipped SUV with great ground clearance

2024 Corvette E-ray, electrified 4WD
Jaguar I-PACE is now more distinctive
2023 Toyota Prius expected this January
2023 Lincoln Corsair, advance features and ActiveGlide
Lamborghini Huracán Sterrato, first super sports car for any terrain
 

DESIGN

Curved sofas, elegant and gentle

Solios watches, from nature to luxury
Coats of faux fur, but not of faux style
Redifining kitchen space and experience with workstations
Dinning sofas, a soft addition to a modern dinning table
Patchwork carpets, vintage Persian carpets made with unparalleled skill
 

GADGETS

Harman Luxury Audio introduces new JBL Classic Series

KEF KC62, audio excellence and design ingenuity
Panasonic announces flagship OLED TV MZ2000
McIntosh MC451, 150 Watt vacuum tube and 300 Watt solid state amplifier
Headonia 2A3, luxury headphone amplifier that comes with gloves
ASUS launches ExpertBook B9 for executives
 

HEALTH

Indonesia to start rolling out COVID-19 vaccination for children under 6

Ipsen receives CHMP negative opinion for Palovarotene as treatment for fibrodysplasia ossificans progressiva in EU
Once-daily Sotyktu gets positive opinion as treatment for adults with moderate-to-severe plaque psoriasis
EMA update on shortages of antibiotics in EU
Researchers develop new urine test that can diagnose cancer
India launches 'world's first' intranasal COVID-19 vaccine
 

MEANTIME

NASA system predicts small asteroid to pass close by Earth this week

NASA, Pentagon developing nuclear-powered rocket for Mars
Milky Way found to be too big
Earth's inner core rotation paused
Airbus-built JUICE spacecraft set for lift-off to study Jupiter’s icy moons
Ripples in fabric of universe may reveal start of time