Following soaring wheat prices, livestock farmers and, in particular, pig and poultry producers, have seen substantial increases in feed bills, causing industry bodies to warn of an impending crisis in the sectors.
The news of an increase comes at a critical time for
“Cost increases like these simply cannot be absorbed by producers which is why we commend Tesco for reacting to these supply chain pressures so swiftly.”
Marks and Spencer are currently working with suppliers to establish a sustainable price, added the union.
Mr Bourns reiterated the need for other major retailers to react to the price pressures which are currently affecting
“We will be expecting other retailers to announce price increases to their suppliers at the earliest opportunity, following Tesco’s lead.”