Tesco has today (Tuesday, August 1) announced further investment of £10 million for the UK egg sector, with £6 million of this provided from August 2023 to March 2024.
The money will be paid to suppliers to cover the cost of handling, processing and egg production, including any increases in feed for farmers.
Tesco said it will also continue to work with its suppliers to ensure the additional investment gets passed to farmers as quickly as possible.
It has also reaffirmed its commitment to sourcing all of its shell eggs from the UK and lifted buying restrictions on shell eggs in its stores.
Tesco customers were restricted to buying three packs of eggs at a time in November 2022 in an effort to ease pressure on the supply chain.
This is effective in stores from today and online from tomorrow (Wednesday, August 2).
Commenting on today’s announcements, Tesco commercial director for Fresh, Dominic Morrey said: “We’re really pleased to be able to provide a further package of financial support to our UK egg suppliers and producers.
“The sector has faced some very tough conditions over the past 18 months, including increases to inputs such as feed and energy, as well as the avian flu outbreak, so we hope this support alleviates some of these challenges.
“As conditions begin to ease, we’re also able to remove the buying restrictions we’ve had in place on shell eggs since November last year.
“Customers can be reassured we also remain 100% British on all our shell eggs, with our five-year contracts with our suppliers now well underway.”
Earlier this month the government announced that a review of the egg sector’s supply chain would take place in autumn.
Tesco invested a total of £27.5 million in the egg sector from March 2022 to March 2023.
