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.
The NZ Dairy Goat Co-operative has been forced to slash the milk payout to suppliers and cut milk production quotas due to oversupply of baby formula. The moves have caused hardships for highly leveraged dairy goat farmers.
The Infant Nutrition Council of Australia and New Zealand says some exporters may look to test the waters and send formula over, bu the window of opportunity is small.
It's incredibly difficult to get products into the market in the United States as regulations are very tough, with a number of hoops for suppliers to jump through.
