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.
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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. ■
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