Organic pea prices have remained stable in the US hovering near $8.5 per bushel in the North Dakota region. This comes despite stronger demand for pea isolate. Organic pea imports increased year over year for the first 4-months of the year. The demand for meat alternatives continues to rise but has yet to put upward pressure on organic pea prices.
One way to evaluate meat alternative demand is through the revenues produced by Beyond Meat. Revenues in the Q1 increased by 141% year over year, well above expectations. The surge in grocery store retail demand has coincided with record demand for the company’s beef and pork substitutes. Sales at grocery stores hit a record in for Beyond Meat in May and April. In April Beyond Meat began to sell its products through Starbucks in China which has 4,200 stores. The company is now launching a new Backyard BBQ” which…
11.25.2024
Glycerin prices mostly stable even amid tightening kosher supplies
Glycerin prices were mostly stable on Monday November 25, with one source saying “market prices seem to be holding for now.”
Kosher glycerin supplies are “getting tighter,” according...
11.25.2024
Packer BFT, CWG trade higher; hog slaughter down week on week
Prices for packer-grade bleachable fancy tallow (BFT) moved higher on Monday November 25, in an otherwise quiet trade day ahead of the Thanksgiving holiday.
Five cars of packer BFT traded...
11.25.2024
Cattle slaughter six-week average projection down for holiday season
Trading was generally quiet in the US animal protein market on Monday November 25, though price ranges adjusted slightly in typical pre-holiday fashion.
Price pressure on ruminant meat...