Beef prices climb as supply contracts in key markets
With production volumes contracting in most major beef-producing regions, global cattle prices have continued to rise across recent months.
A New Zealand company Knewe Biosystems Ltd was among finalists who pitched their company to potential investors at the Rabobank Food 2 Fork Summit in Sydney last week.
Knewe Biosystems is developing an animal prebiotics product which it says meets critical mineral nutrition needs and also reduces the volume of waste to the environment, both because they cause animals to use their feed more efficiently.
The winner of the event was Australian company Sprout Kitchens which provides a platform for cafe’s and restaurants to rent out their unused kitchen space, outside of normal trading hours.
AgriWebb was the people’s choice winner. AgriWebb is a software company focused on “disrupting antiquated practices in livestock production”.
Their products “enable simplified on-farm, real-time data collection and apply analysis to improve management decision-making, enterprise efficiency, bench-marking and food security transparency, while integrating the farmer across horizontal and vertical supply chains”.
