Never one for keeping out of the headlines, Tesco has announced an impressive set of financial results this week that must have turned its big four rivals green with envy - even those who are enjoying more rapid growth than the UK’s number one.

While on the one hand showing that there can be economic success stories even in this tough financial climate, these figures are indicative of a deeper issue regarding retailer-supplier relationships. The ongoing price wars waged between the big four are undoubtedly keeping the price of the average food basket down for the consumer, but at what cost to the agricultural industry? The National Farmers’ Union is right to err on the side of caution and call for the government not to abandon the Competition Commission’s proposals for a supermarket ombudsman, simply to keep Tesco happy.

This week, the retailer has also officially unveiled Nurture, its new consumer-facing brand (p1). Tesco feels that now is the right time to reveal to consumers the work it has done behind the scenes with its growers. I couldn’t agree more - communicating to consumers the processes that get their fruit and vegetables on the shelf is a highly commendable effort. Tesco is obviously keen to share its supply chain partnership successes with the general public. I only hope the growers themselves will also be able to share in the benefits of Nurture.