Chicago | Reuters — Starbucks Corp. aims to add more plant-based food and drinks to its menu as part of the company’s latest plan to become more environmentally friendly, CEO Kevin Johnson said on Tuesday, prompting a surge in shares of Beyond Meat Inc. Over the past year, with the rise of companies including Beyond […] Read more
Starbucks to add more plant-based food in latest green push
Beyond Meat locks in Roquette pea protein supply
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
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
Pulse weekly outlook: India pulse estimates improve
MarketsFarm — Conditions are still not looking good for India’s kharif (summer) production, and in particular for pulse crops. Excessive monsoon rains, followed by above-average post-monsoon rains, have hurt production, according to a report. The excessive rains resulted in flooding in 13 states in India and the National Bulk Handling Corp. (NBHC) estimated Monday that […] 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
Pulse weekly outlook: Red lentils see some strength
MarketsFarm — The red lentil market in Western Canada is seeing some life to start the New Year, with improved bids creating some marketing opportunities. “Green lentil prices have been steady since the end of 2019, but red lentils are the one that’s jumped,” said Kevin Silzer, vice-president with Rayglen Commodities in Saskatoon, noting red […] Read more
ILTA Grain security payout to be CGC’s biggest ever
An insurance policy set up for demised Prairie pulse exporter ILTA Grain will pay, in full, what’s owed to over 200 growers who supplied the company, according to the Canadian Grain Commission. The CGC announced Monday that 222 eligible unpaid growers will receive a total of $11.146 million covered by the security ILTA posted before […] Read more
Pulse weekly outlook: Edible bean yields lower across North America
MarketsFarm — A challenging harvest season spelled trouble for dry bean yields across North America, according to one report from the Global Pulse Confederation. Mexico’s spring-summer bean crop yield was pegged at around 400,000 tonnes, which was 52 per cent lower than the previous year. The loss in production was largely due to drought conditions […] 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
Cyber-Savvy Farmer
