Plant-based bubble bursts
OPINION: Talking about plant-based food: “Chicken-free chicken” start-up Sunfed has had its valuation slashed to zero by major investor Blackbird Ventures, and its products are no longer available in supermarkets.
OPINION: The US infant formula crisis may be coming to an end.
The baby formula sector suffered a double whammy: supply chain problems have affected all manner of good since the onset of the pandemic, then in February 2022 the U.S. Food and Drug Association shut down Abbott Nutrition's factory in Michigan over health concerns.
But three things are helping the US recover: the domestic production of baby formula has improved; imported formulas - part of the Biden Administration's Operation Fly Formula mission - have helped supplement the domestic brands; and lastly, there seems to be anecdotal evidence of less hoarding by panicked parents.
Most of the overseas formula was flown in from Europe and NZ manufacturers.
The country’s 4200 commercial fruit and vegetable growers will vote from May 14 on a new HortNZ levy.
Meat processor Alliance Group is asking farmer shareholders to inject more capital in order to remain a 100% co-operative.
A vet is calling for all animals to be vaccinated against a new strain of leptospirosis (lepto) discovered on New Zealand dairy farms in recent years.
Dairy
Rural banker Rabobank is partnering with Food Rescue Kitchen on a new TV series which airs this weekend that aims to shine a light on the real and growing issues of food waste, food poverty and social isolation in New Zealand.
Telco infrastructure provider Chorus says that it believes all Kiwis – particularly those in the rural areas – need access to high-speed, reliable broadband.
OPINION: Talking about plant-based food: “Chicken-free chicken” start-up Sunfed has had its valuation slashed to zero by major investor Blackbird…
OPINION: Synlait's financial woes won’t be going away anytime soon.