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Markets, News

Market management key in volatile times

A new provincial cost-of-production guide appears to project tough margins, but price volatility could mean opportunity

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Market volatility calls for constant vigilance even as producers plan for the coming year, says provincial farm management specialist Darren Bond. Bond said prices are the most volatile they’ve been in years, and a “huge concern” for producers planning this year’s crops. “There will be highs and lows as the year goes on,” he said.
Bill Grueul, CEO of Protein Industries Canada, addresses reporters January 10 as Jim Carr, Prime Minister Trudeau’s special representative for the prairies, and Merit Functional Foods co-CEO Ryan Bracken look on.
News

Supercluster pumps $9.5 million into Winnipeg plant

Merit Functional Foods to open world’s first canola protein-processing facility late this year

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A Merit Functional Foods canola and pea protein-processing facility near Winnipeg is slated to be up and running by the end of the year with the help of financial investment from Protein Industries Canada, the company announced at a news conference January 10. “Our plan is to build processing closer to production, adding value to
Corteva Agriscience, which spun off from the merged Dow and DuPont in 2019, got its canola seed breeding lab and research station in Saskatoon from the Dow AgroSciences end of the merger. (Video screengrab from Corteva.ca)
Crops

Supercluster backing canola protein production

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The federally-backed research and development “supercluster” set up to boost Canada’s protein industries is funding work to wring more and better proteins out of canola seed. In Saskatoon on Wednesday, federal Industry Minister Navdeep Bains announced the Protein Industries Canada (PIC) supercluster has approved a new $27.6 million project to breed high-protein canola hybrids for
Roquette’s plant-based protein products include Nutralys T70S, billed as a plant-based, texturized protein that “guarantees a unique fibrous texture and great use adaptable to several types of meat substitute” such as burger patties, chicken-type filets and sausage. (Roquette.com)
Crops

Beyond Meat locks in Roquette pea protein supply

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Plant-based protein firm Roquette has been booked to “significantly” increase the amount of pea protein it provides to expansion-hungry U.S. faux-meat processor Beyond Meat in the next three years. Los Angeles-based Beyond Meat on Tuesday announced a “multi-year pea protein supply agreement” with France’s Roquette, renewing a “longstanding partnership” between the two firms. No specifics
(Video screengrab from Limagrain.com)
Crops, Pulses

Limagrain to launch plant-based protein food next year

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Paris | Reuters — French agricultural co-operative Limagrain on Tuesday said it is launching a new legumes business that aims to deliver plant-based food products from next year, betting on the fast-growing plant protein sector and a trend towards eating less red meat. Many large agricultural companies, including Archer Daniels Midland, Cargill and France’s Roquette
(Subway video screengrab via YouTube)
Crops, Pulses

Subway, McDonald’s expand Beyond Meat rollouts in Canada

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Major fast-food chains McDonald’s and Subway are both expanding their rollouts of plant-based Beyond Meat products in Canada, beyond the range of their initial tests. McDonald’s Canada announced Wednesday it will expand the test marketing of its “P.L.T.” burger from its 28 stores in London, Ont. to also include 52 in Kitchener-Waterloo, Guelph and surrounding
U.S. grocer Kroger’s plant-based burger patties are sold under its in-house brand, Simple Truth. (Kroger photo via Brandfolder.com)
Crops, Pulses

Major grocers roll out plant-based burgers, undercut Beyond Meat

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Chicago | Reuters — Cashing in on rising demand for imitation meat, major retailers including Kroger and Walmart recently began to carry Beyond Meat’s plant-based burgers and sausages. Now, several stores are creating similar products that will compete with Beyond Meat. Kroger Co., the biggest U.S. grocer, on Wednesday rolled out its own line of
Green lentils. (Savany/iStock/Getty Images)
Crops, Markets, Pulses, Weather

Pulse weekly outlook: Drop in India’s production may lead to lower duties

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MarketsFarm — There’s a possibility the government of India could lower its import duties on pulses, including those from Canada, according to reports. With India’s monsoon rains having continued longer than usual, production of the country’s kharif (summer) pulse production fell by almost two million tonnes. Prior to the monsoons, market expectations called for 10.1

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