Stock Market News
Tesco to source more meat from the UK
27-02-2013 14:35
| Add To Google +1 | Tweet |
Tesco's Chief Executive, Phil Clarke, said Wednesday that the company will purchase more of its meat from the UK and reassured investors that its sales had suffered only a 'minimal' impact as a result of the horsemeat scandal.
In an interview with Sky News, the head of the supermarket chain said: "We feel the need to bring the food closer to home. We think it's right to bring more of it back to the UK, so long as we can get the demand from the UK."
The group revealed it plans to source all its fresh chicken from British farms by July, followed by frozen and ready meals in the future.
Speaking at the National Farmers Union on Wednesday, Clarke was expected to say: "We are already the biggest customer of UK agriculture, with all our beef - fresh, frozen and in ready meals - coming from UK and Ireland farms. But we can do much more."
The President of the Union opened his address by saying the supermarkets need to source more from British farmers.
"It's clear that the longer a supply chain and the more borders it crosses the less traceable our food is and the more the chain is open to negligence at best, fraud and criminal activity at worst," President Peter Kendall said.
"We now need the supermarkets to stop scouring the world for the cheapest products they can find and start sourcing high-quality, traceable product from farmers here at home."
In an interview with Sky News, the head of the supermarket chain said: "We feel the need to bring the food closer to home. We think it's right to bring more of it back to the UK, so long as we can get the demand from the UK."
The group revealed it plans to source all its fresh chicken from British farms by July, followed by frozen and ready meals in the future.
Speaking at the National Farmers Union on Wednesday, Clarke was expected to say: "We are already the biggest customer of UK agriculture, with all our beef - fresh, frozen and in ready meals - coming from UK and Ireland farms. But we can do much more."
The President of the Union opened his address by saying the supermarkets need to source more from British farmers.
"It's clear that the longer a supply chain and the more borders it crosses the less traceable our food is and the more the chain is open to negligence at best, fraud and criminal activity at worst," President Peter Kendall said.
"We now need the supermarkets to stop scouring the world for the cheapest products they can find and start sourcing high-quality, traceable product from farmers here at home."
| Related share prices |
|---|
| Tesco (TSCO) share price |
Stock News is provided by Digital Look Corporate Solutions from Sharecast news. Please read the terms and conditions of useage of this data. Republication or redistribution of content, including by caching, framing or similar means, is expressly prohibited without the prior written consent of Digital Look Ltd.
Get a free widget for your website with our latest headlines.
You can now add our live prices and new headlines to your website.The news widget features quotes for Oil prices, spot Gold price and Indices plus a choice of news channel for healines.
Top Shares pages
- Share price quotes
- Share charts
- Share watch list
- Company Results Calendar
- UK 100 Shares
- Stock market news
- Company news
- Share tips
- A-Z company search
More share features
POPULAR Share Prices
- Lloyds share price
- HSBC share price
- Barclays share price
- Prudential share price
- Diageo share price
- BP share price
- Vodafone share price
- British Airways share price
- Centrica share price
- Tesco share price
- National Grid share price
- RBS share price
- GSK share price
- Marks and Spencer
- Rolls Royce
- Banco Santander price
- Direct Line
- Rio Tinto share price
- Amec Share price
- Corac share price
- Lookers
- Telecom plus
- Kier share price
- Punch taverns
- Blinkx share price
- Tan share price
- Yell share price
- Rsa share price
- Pendragon share price
- Logica share price
- Bat share price
- Sky share price
- Kingfisher share price
- Dragon Oil share price
- Desire Petroleum share price
- RRL share price
- BPC share price
- VOG share price
- SAR share price


Prices

