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Cargill: Plant-based will 'cannibalize' protein business

Cargill: Plant-based will 'cannibalize' protein business
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Dave Maclennan , டேவ் மேக்லென்னன் ,

Cargill CEO says plant-based will 'cannibalize' protein business


By
6/11/2021
Cargill CEO Dave MacLennan has said that his company is preparing for a big shake-up in its business over the next few years, as consumer demand for the new generation of plant-based protein products eats into market share for meat from slaughtered animals.
“Our analysis is that in […] three to four years, plant-based will be perhaps 10% of the market,” he said at a conference held by the US National Grain & Feed Association. “We’re a large beef producer and that is a big part of our portfolio. So there’s some cannibalization that will occur,” 
Reuters reported him as saying. ....

Dave Maclennan , Us National Grain Feed Association , Beyond Meat , Puris Foods , Its Plantever , டேவ் மேக்லென்னன் , அப்பால் இறைச்சி ,

Chinese demand, dwindling stocks may fuel "mini supercycle"


Eshma/iStock/Getty Images
Cargill exec says traders have more opportunities to do well when there s a lot of market volatility.
Bloomberg | Apr 08, 2021
By Andy Hoffman
Agricultural commodities are poised for a “mini supercycle” as China’s rampant demand keeps supplies tight, according to the head of a key Cargill Inc. trading unit that’s seeing its best results in a decade.
China’s crop-buying spree and dwindling stockpiles recently sent prices to multiyear highs, while also whipping up volatility that traders crave. A surprise smaller-than-expected U.S. planting report should help drive corn and soy prices even higher, said Alex Sanfeliu, who runs Cargill’s World Trading Group. The International Grains Council also sees supplies remaining tight. ....

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