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Meat Newsletter 05-Apr-2023
MEAT INDUSTRY NEWS
Livestock giants could see $24bn in climate change linked operating losses in 2030
Rising feed prices and carbon taxes could drastically impact the profitability of global meat and dairy companies, finds FAIRR, an ESG investor network representing over $70tn in combined assets.... Read more
Bird flu poses ongoing threat for global poultry sector
The development of avian influenza (AI) is the big wild card for poultry trade in 2023; the disease poses an ongoing global threat, especially if Brazil's southern states are hit by outbreaks. ... Read more
Rotting ham and mislabelled meat? Pork scandal shakes meat industry
In the UK, a food processor has been accused by former employees of “washing” hams that are visibly gone off and mislabelling products as retail. The allegations have brought the meat industry as a whole, and the Food Standards Agency (FSA) in particular, under scrutiny... Read more
‘We’re tackling challenging categories head on’: Behind Nomad Foods’ reformulation strategy
The vast majority of Nomad Foods’ net sales come from ‘healthy’ meal choices. But not all. From ‘health through stealth’ through to pizza reformulation, group nutrition leader Lauren Woodley reveals why incoming HFSS regulations presents an opportunity for the business.... Read more
Seafood consumption declines in response to inflation, FMI reports
Seafood sales fell 3.8% last year to $16.3b from the previous year, as consumers shifted their shopping in response to rising inflation, but remained above pre-pandemic levels as consumers sought options that are healthier, more diverse and environmentally-friendly, according to new research from FMI – The Food Industry Association.... Read more
Anti-innovation and consumer choice? Italy moves to ban lab-grown meat, cheese and fish
First it was Nutri-Score. Now Italy is waging war on lab-grown food to preserve its famous gastronomic heritage.... Read more
EAT-Lancet diet: Increased intake of animal source foods recommended by researchers to fill micronutrient gap
Fresh research suggests the planetary health diet does not provide enough vitamins and minerals – including iron, zinc, calcium and vitamin B12 – to nourish the global population due to its low amount of animal source foods.... Read more
Foot and mouth disease strain detected in cows in Turkey
The Turkish agriculture ministry has identified a SAT-2 serotype strain of foot and mouth disease (FMD) in cattle in that country.... Read more
Extracellular accelerates cultivated meat business, secures $1.2 million in funding
Extracellular, a UK-based contract development and manufacturing organization (CDMO) in the cultivated meat space, secured $1.2 million, including $700K in non-dilutive funding according to the company. CEO and founder, Will Milligan spoke with Food Navigator-USA on the company’s vertically integrated strategy and navigating the competitive cell-based meat landscape.... Read more
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