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COST - Costco Wholesale News Story

$372.2 -6.0  -1.6%

Last Trade - 12/05/21

Sector
Consumer Cyclicals
Size
Large Cap
Market Cap £118.35bn
Enterprise Value £117.53bn
Revenue £126.32bn
Position in Universe 66th / 6853

UPDATE 1-Walmart flagged for failing cage-free chicken test in Latin America

Thu 15th April, 2021 1:21pm
(Adds Femsa declining to comment)
    By David Alire Garcia
    MEXICO CITY, April 15 (Reuters) - Retail giant Walmart
 WMT.N  is among the worst offenders in a new ranking of
companies in Latin America that sell eggs from caged chickens,
part of a new list of firms from Mexico to Argentina that aims
to encourage more humane supply practices.
    The new corporate ranking from Mercy for Animals (MFA), a
U.S.-based animal welfare group, evaluated 34 of the region's
largest egg sellers on their commitments to phase out supplies
from caged chickens.
    Besides Walmart's Mexican unit, which also operates in
Central America, others flagged for failing to make or implement
cage-free commitments include supermarket chain Soriana and
conglomerate Femsa, which operates Oxxo convenience stores.
    All three were also criticized for lacking transparency on
their egg suppliers.
    Walmart de Mexico and Femsa declined to comment, while
Soriana did not respond to questions.
    Cramming hens into so-called battery cages where they are
unable to turn around or flap their wings is standard industry
practice, said MFA Executive Director Leah Garces.  
    She added that hens are unable to exercise their natural
instinct to perch or lay eggs in nests, and the tips of their
beaks are shaved off to minimize damage from pecking. 
    "It's total, extreme animal suffering that's wrapped into
each egg," she said in an interview.
    MFA's Latin America ranking, based partly on company
responses to a survey, also credits big-box retailer Costco and
fast-food chain McDonalds for making progress on implementing
cage-free supplies.
    The ranking comes nearly a decade after the European Union
banned eggs produced from caged chickens citing animal cruelty,
along with several U.S. states.
    Mexicans eat more eggs than any other nationality, or about
23 kg (51 lb) a year, according to the International Egg
Commission. 
    Colombia, Argentina and Peru are also among the top 10
egg-consuming countries.

 (Reporting by David Alire Garcia; Additional reporting by Daina
Beth Solomon; Editing by Stephen Coates and Toby Chopra)
 ((david.aliregarcia@thomsonreuters.com; +52 55 5282 7151;
Reuters Messaging:
david.aliregarcia.thomsonreuters.com@reuters.net))
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