EGG producer Chew’s Agriculture has signed a 10-year, S$27 million sustainability-linked loan with DBS Bank, to construct a new farm with larger cage-free facilities.
This ensures that hens laying eggs on its farm will continue to be housed in optimal conditions – which include larger litter areas and elevated perches, the lender said on Wednesday.
The egg producer will also enjoy lower interest rates if it meets Humane Farm Animal Care (HFAC) standards.
This means providing wholesome and nutritious feed to its livestock, having the appropriate environmental design, as well as caring and responsible planning and management of livestock. It will also need to have “skilled, knowledgeable conscientious animal care, factors which contribute to more nutritious eggs”.
Chew’s Agriculture supplies 500,000 eggs a day, 95 per cent of which are distributed in Singapore….