Sainsbury’s announces £2.8m to support its pork farmers through difficult times
The supermarket giant Sainsbury’s has committed a further £2.8 million support payment to its pork development group.
The retailer’s aligned farmer group was created to help understand its farmers requirements and increase visibility across the supplier chain.
In conjunction with its pork farmers the supermarket created a pricing mechanism that has paid above market price for fresh pork since September 2020. Its overall investment in this scheme is now £5 million. Sainsbury’s said that the model was created to help provide resilience and security by reducing market volatility, influencing the SPP and benefitting the wider pork sector.
Through this pricing structure, the retailer has been able to offer additional short-term support through a £2.8 million investment for its pork producers, giving them the opportunity to align all pigs supplied to Sainsbury’s, not currently part of the model, to a fixed price for the 12-week period from 13/03/22 – 05/06/22.
Gavin Hodgson, Sainsbury’s head of agriculture, aquaculture and horticulture said: “At Sainsbury’s we really value the relationships we have with our suppliers. The pork sector has seen unprecedented cost challenges and we hope that our further investment will provide our producers with security whilst maintaining high levels of animal health and welfare as well as product quality and great value for our customers.”
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