Plant-based protein firm Roquette has been booked to “significantly” increase the amount of pea protein it provides to expansion-hungry U.S. faux-meat processor Beyond Meat in the next three years. Los Angeles-based Beyond Meat on Tuesday announced a “multi-year pea protein supply agreement” with France’s Roquette, renewing a “longstanding partnership” between the two firms. No specifics […] Read more
Beyond Meat locks in Roquette pea protein supply
Limagrain to launch plant-based protein food next year
Paris | Reuters — French agricultural co-operative Limagrain on Tuesday said it is launching a new legumes business that aims to deliver plant-based food products from next year, betting on the fast-growing plant protein sector and a trend towards eating less red meat. Many large agricultural companies, including Archer Daniels Midland, Cargill and France’s Roquette […] Read more
Subway, McDonald’s expand Beyond Meat rollouts in Canada
Major fast-food chains McDonald’s and Subway are both expanding their rollouts of plant-based Beyond Meat products in Canada, beyond the range of their initial tests. McDonald’s Canada announced Wednesday it will expand the test marketing of its “P.L.T.” burger from its 28 stores in London, Ont. to also include 52 in Kitchener-Waterloo, Guelph and surrounding […] Read more
Major grocers roll out plant-based burgers, undercut Beyond Meat
Chicago | Reuters — Cashing in on rising demand for imitation meat, major retailers including Kroger and Walmart recently began to carry Beyond Meat’s plant-based burgers and sausages. Now, several stores are creating similar products that will compete with Beyond Meat. Kroger Co., the biggest U.S. grocer, on Wednesday rolled out its own line of […] Read more
A normal crop year went out the window in 2019
It seems pretty much everyone had severe weather challenges this year, but they came in many forms
Reading Time: 5 minutes Weather always gets talked about, but usually there are other issues that mark the year gone by. But this was a year when the rain gauge and thermometer were front and central from spring to harvest. Or rather, what passed for harvest. With about 1.6 million acres of crops still in the field, the story […] Read more
Buckle up — grain markets are in for a bumpy ride
Politics, protectionism and the increasing odds of a global recession make for a ‘tough market’
Reading Time: 5 minutes Trade wars around the globe have created a turbulent marketplace for Canadian farmers — and the wild ride isn’t likely to end any time soon. “Over the past two years, the markets really stand apart from what I’ve seen in the 30 years that I’ve been following the grain markets,” said Mike Jubinville, senior market […] Read more
Pulse weekly outlook: Drop in India’s production may lead to lower duties
MarketsFarm — There’s a possibility the government of India could lower its import duties on pulses, including those from Canada, according to reports. With India’s monsoon rains having continued longer than usual, production of the country’s kharif (summer) pulse production fell by almost two million tonnes. Prior to the monsoons, market expectations called for 10.1 […] Read more
Pulse weekly outlook: Balance sheet tightening
MarketsFarm — Canadian pea and lentil production failed to live up to earlier projections, according to the latest survey data from Statistics Canada. While both crops are still forecast to be above their year-ago levels, the tightening supply expectations should underpin prices. Canada’s 2019-20 lentil crop was pegged at 2.17 million tonnes in the government […] Read more
StatsCan report puts canola production at lowest since 2015
MarketsFarm — Data from Statistics Canada’s production of principal field crops report, released Friday morning, will likely be supportive of canola values, put pressure on barley, and keep wheat prices steady. In the report, canola production across Canada decreased by 8.3 per cent nationally to 18.6 million tonnes, compared to 2018 production volumes. The decreased […] Read more
Trade’s crop estimates vary ahead of StatsCan report
MarketsFarm — Barley and canola production expectations vary ahead of Statistics Canada’s production of principal field crops report, due out Friday. In September, the federal agency estimated Canada’s barley production to total just less than 10 million tonnes, two million higher than the final count for the 2018-19 growing year. However, some trade estimates are […] Read more