Asda is launching Income Tracker, a monthly barometer of the nation's finances, to highlight the importance of offering its shoppers low prices. In the Daily Mail, Asda chief executive Andy Bond said it would "burst the myth" that value retailing had passed its sell-by date and reveal how little money most families have left after paying their bills each month.
The Daily Telegraph picked up on The Grocer's story about the National Farmers' Union criticising Tesco for failing to secure long-term arrangements for the supply of beef, lamb and pork, despite its pledge to sell £400m of local produce this year and £1bn of local produce by 2011.
Tea prices will jump to an all-time high this year, underpinned by production disruptions in Kenya, according to the FT. Wholesale tea prices hit an average of $1.95/kg, a 6.5% increase on the previous year, and the highest level since 2002, said the FT, but tea prices were expected to reach even higher levels this year. Prices in Kenya, the world's largest exporter of black tea, have hit $2.50/kg.
GM crops may be grown in hidden locations in Britain amid fears that anti-GM campaigners were winning the battle over the controversial technology. According to The Guardian, Defra had confirmed it was looking at options to clamp down on vandalism to GM crop trials following intense lobbying by biotech companies, which said trials were becoming too expensive.
The UK's supermarkets were rushing to stock lightweight bottles of wine and beer to offset the environmental impact of their businesses, said the Observer. Tesco has signed up to sell 40 million lightweight bottles of wine this year and by 2010 aimed to have 25% of all the wine bottles it sells reduced in weight, saving 72,000 tonnes of glass a year, the paper said.
The Daily Telegraph picked up on The Grocer's story about the National Farmers' Union criticising Tesco for failing to secure long-term arrangements for the supply of beef, lamb and pork, despite its pledge to sell £400m of local produce this year and £1bn of local produce by 2011.
Tea prices will jump to an all-time high this year, underpinned by production disruptions in Kenya, according to the FT. Wholesale tea prices hit an average of $1.95/kg, a 6.5% increase on the previous year, and the highest level since 2002, said the FT, but tea prices were expected to reach even higher levels this year. Prices in Kenya, the world's largest exporter of black tea, have hit $2.50/kg.
GM crops may be grown in hidden locations in Britain amid fears that anti-GM campaigners were winning the battle over the controversial technology. According to The Guardian, Defra had confirmed it was looking at options to clamp down on vandalism to GM crop trials following intense lobbying by biotech companies, which said trials were becoming too expensive.
The UK's supermarkets were rushing to stock lightweight bottles of wine and beer to offset the environmental impact of their businesses, said the Observer. Tesco has signed up to sell 40 million lightweight bottles of wine this year and by 2010 aimed to have 25% of all the wine bottles it sells reduced in weight, saving 72,000 tonnes of glass a year, the paper said.
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