Reading Time: 2 minutes Beyond Meat, Inc. has had almost 15 years to build a product lineup that is, as its name claims, beyond meat. By some business metrics, it has. The company, whose market capitalization was pegged at US$1.3 billion when it went public in 2018, recently reported April-to-June 2023 sales of $102 million. That sounds like a […] Read more
Fake meat is mostly a fake-out for now
Meat alternative companies have made big boasts, but the numbers are on the side of real animal products
You grow food, but have you ever thought about making it?
Reading Time: 3 minutes It doesn’t sound like a farm show — and it’s not — but primary producers are one of the target audiences for the soon-to-be-launched Agri-Food Innovation Expo. “The initial event is a conference with a small trade show, with a bit of a focus on those who wish to expand their farm business and get […] Read more
Alberta lamb business sale finalized
Reading Time: < 1 minute Quebec company Préval Ag has completed its purchase of the Alberta lamb processing plant and large feedlot of the defunct North American Lamb Company. “For us, sourcing locally is essential, and we will therefore be working closely with local producers to expand the marketing of our lamb products in the Canadian market,” Alex Fontaine, president […] Read more
Alberta lamb sector gets boost as Quebec powerhouse moves in
Fast-growing Préval Ag buys troubled Innisfail processing plant and major lamb feedlot
Reading Time: 3 minutes A Quebec company that is an emerging powerhouse in the meat sector has struck a deal to purchase the Alberta lamb processing plant and large feedlot of the defunct North American Lamb Company. “They seem to run a fair-sized conglomerate of businesses related to agriculture and the livestock industry,” said Neil Narfason, an official with […] Read more
Corteva third-quarter loss narrows on demand for agricultural products
Reuters – Agricultural chemical and seed company Corteva Inc CTVA.N on Thursday posted a smaller-than-expected third-quarter adjusted loss as farmers looked to maximize yields at a time of low global grain supplies. Operating loss was 12 cents per share in the July-September quarter, from 14 cents per share a year earlier. Analysts on average had expected […] Read more
Nutrien cuts 2022 profit forecast again on lower potash prices
Reuters – Nutrien Ltd NTR.TO on Wednesday cut its full-year adjusted earnings forecast for the second time this year as potash prices decline, sending the shares of the world’s biggest fertilizer maker down nearly 5 per cent in extended trading. The company also missed third-quarter profit estimates, hurt by cooling prices of crop nutrients as farmers cut fertilizer application […] Read more
Syngenta sales growth eases but still quite robust
Reuters – Swiss agrichemicals and seeds group Syngenta on Thursday logged slightly slower – albeit still robust – growth in sales and core earnings for the third quarter. The Chinese-owned company, which plans to list within the next few months, said sales jumped 20 per cent to $7.9 billion in the three months to the […] Read more
Crop merchant Bunge raises full-year profit outlook
Agricultural commodities trader Bunge Ltd BG.N on Wednesday raised its full-year earnings outlook after posting an adjusted third-quarter profit that topped expectations, sending its shares up about 2 per cent in premarket trading. The improved forecast was attributed to favorable market conditions as tight global crop supplies and strong demand have benefited supply chain middlemen […] Read more
Corteva raises forecast as demand for seeds, crop protection products booms
Bengaluru | Reuters – Corteva Inc CTVA.N on Thursday raised its full-year sales and profit forecasts as the crop protection products maker benefits from surging demand from farmers looking to cash in on higher prices since the Ukraine war. The company, which reported a 14 percent jump in second-quarter operating earnings, also unveiled plans to exit some […] Read more
Bayer’s agriculture unit, consumer health drive outlook hike
Frankfurt | Reuters – Agriculture and pharmaceuticals company Bayer BAYGn.DE on Thursday lifted its 2022 earnings guidance on strong demand from farmers for its seeds and crop chemicals and higher sales of consumer health products. Bayer is now targeting earnings before interest, taxes, depreciation and amortisation (EBITDA), adjusted for special items, of about 13 billion […] Read more
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