Food Industry
Industry: Email Alert RSS FeedTesco ups price paid to suppliers
Grocer, Oct 4, 2008
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Despite Sir Terry's optimism, Tesco this week recognised continuing inflationary pressure in dairy by upping the price Tesco pays its milk suppliers 0.75ppl to a rate of 28.75ppl for the next six months. The increase, which Tesco said aimed to help farmers deal with high input cost pressure, is expected to be followed by other leading supermarkets. Despite industry speculation, Tesco added it had no plans to increase its milk retail price following the launch of Fresh'n'Lo.
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