According to a November 29th release, UK supermarket chain Tesco will provide a support package amounting to $15 million for suppliers of table eggs to offset increases in the cost of feed and energy. This amount supplements a previous support payment of equal value and is intended to carry producers through until March 2023.
Tesco has committed to sell only eggs produced by farmers in Great Britain and has experienced some difficulty in sourcing certified free-range eggs as current wholesale prices are inadequate to provide farmers with a positive margin. Competitors of Tesco are stocking imported E.U. eggs from non-caged flocks that are sold at lower shelf prices than domestic-sourced product given rampant inflation in post-Brexit Britain and ongoing supply chain problems, Tesco should have been motivated to pay a fair and reasonable price to producers over the years to have allowed them to build financial reserves to weather periods of high cost.