FDBusiness.com

Tesco Announces New Lower Price For Milk

 Breaking News
  • Royal A-Ware and Glanbia Ireland to Build New €140 Million Continental Cheese Facility Royal A-ware, a leading global cheese and dairy producer in The Netherlands, and Glanbia Ireland, Ireland’s largest dairy processor, plan to enter a strategic partnership that proposes to build a new continental cheese manufacturing facility in Belview, County Kilkenny, Ireland. It is proposed that a total of €140 million will be invested in this best-in-class [...]...
  • Pladis Appoints Global CEO Pladis, one of the world’s leading snacking companies, has appointed A Salman Amin as global CEO. He will take over the leadership officially in February. With a strong reputation in the food and drink sector, Salman Amin takes up the role after a highly successful international career spanning 30 years and three continents. Most recently, he [...]...
  • ADM Adds New Line of Specialty Tapioca Starches For the EMEA Region Archer Daniels Midland Company has announced a long term partnership with General Starch Limited (GSL), a leading tapioca starch producer located in Thailand. ADM will have exclusive distribution rights of the GSL modified tapioca starch products in the majority of the European countries, as well as in the Middle East and Africa. This range of [...]...
  • Louis Dreyfus Company to Exit Dairy Louis Dreyfus Company, a leading international merchant and processor of agricultural goods, has announced its decision to exit its dairy business by mid-2019. The move is in line with the company’s strategy over the past three years to exit non-core areas and refocus on its core businesses, including investments in origination markets and expansion along [...]...
  • Lucozade Ribena Suntory to Invest £13 Million in UK Factory Japan-based Suntory Beverage & Food is investing £13 million in its UK-based subsidiary Lucozade Ribena Suntory to install a new, high-speed bottle filler at its factory in Coleford, Gloucestershire. The new filler will produce 1.3 million bottles a day and will be instrumental in increasing productivity and efficiency at the Lucozade Ribena Suntory factory. The investment [...]...

Tesco Announces New Lower Price For Milk

Tesco Announces New Lower Price For Milk
March 04
15:33 2014

Tesco has announced that the price of a four pint bottle of milk as been cut from £1.39 to £1 from Monday 3rd March, as part of the retailer’s focus on every day low prices on the products that matter most to its customers. The announcement comes a week after Tesco cut prices on tomatoes, onions, peppers and cucumbers – like milk, these are products that are put into most customers’ shopping baskets.

The reductions mean that a customer buying four pints of milk; a kilo of carrots; a whole cucumber; a pack of salad tomatoes; a pack of three peppers and a bunch of salad onions every week will save more than £100 over a year.

Tesco has pledged that the prices that come down will stay down, as customers want to see more stable pricing from supermarkets.

The new lower price for milk has no impact on the price Tesco pays to the milk farmers in its pioneering Tesco Sustainable Dairy Group (TSDG). Around 650 farmers supply milk to Tesco, and the price Tesco pays for the milk is set independently twice a year.

The price is always above the cost of production, ensuring that their business turns a profit so they can plan and invest for the future. 

John Scouler, Tesco commercial director, says: “We care about our milk and where it comes from, which is why we set up the TSDG. We promise that our farmers will always be paid a fair and independently agreed price for their milk, so they can invest in the future of their farms and provide higher welfare standards for their cows. When our customers buy their milk at Tesco, they can be confident that it’s responsibly sourced and at a fair price for all.”

About Author

mike

mike

Related Articles



Food & Drink Business Conference & Exhibition 2016

Upcoming Events

  • June 18, 2019Multimodal 2019
AEC v1.0.4

find food jobs

The Magazine

F&D Business Preferred Suppliers

New Subscriber

Subscribe Here



Advertisements