Tesco extends price lock on over 1,000 products as it drops milk prices

Tesco is extending its price lock on over 1,000 everyday products, in a bid to help shoppers save amid the cost-of-living crisis.

The freeze, which will continue until 5 July, will include products such as Yorkshire Tea, McCain Oven Chips, Cushelle Toilet Tissue, Kenco Smoth Instant Coffee and Tesco Orange Squash.

This also comes as the leading retailer has dropped milk prices for the first time since May 2020 across its stores and online.

As of today (12 April), Tesco’s four pint variety will drop in price from £1.65 to £1.55, with similar price reductions across its milk range, including a fall in the price of a pint of milk by 5p to 90p and two pints from £1.30 to £1.25.

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“We know that customers are still having to budget carefully, so we’re pleased to be able to reduce prices where we can, and also give them a little extra help by locking the prices of more than a thousand everyday products,” Tesco UK chief executive, Jason Tarry said.

“Milk is a key everyday staple for so many families. We’ve seen some cost price deflation for milk across the market in recent times, and we want to take this opportunity to pass that reduction on to customers.”

As part of this, the Big 4 grocer is also renewing its commitment to its nearly 500 British dairy farmers who will continue to be paid a price that reflects the cost of production, as the price Tesco pays farmers for their milk is set independently from prices in stores.

Tarry added: “Our Tesco Sustainable Dairy Group was set up to ensure that farmers across the UK get a fair, independently-set price for the milk they produce for us.

“Our model gives farmers security when the market price for milk falls below the cost of production and reflects our long-standing commitment to our farmers.”



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