As new guidance is published for the production of insect proteins, French-based technology firm, Ÿnsect, has raised US$125 million (EUR110 million) to scale up production by investing in new facilities in Amiens with the view to expansion in international markets, including North America.
Sales revenue expected to grow between 8 and 10 percent in 2019
February 22, 2019
Charoen Pokphand Foods (CPF), a Thailand-based agro-industrial and food company with investments in 17 countries, posted THB541.9 billion (US$17.3 billion) in sales revenue in 2018 and THB15.5 billion (US$495.7 million) in net profits.
While the demand for livestock feed generally across the Republic of Ireland is subdued, farmers in some areas of the south and east are reporting they are short of fodder supplies, and having to feed more compound feed.
Digitalization in animal feed design can help feed producers meet the needs of animal producers and consumers to deliver what they want most, according to Amber McKinzie, global business development manager, Cargill Format Solutions.
Sixty-one percent of consumers in the U.S. say they are seeking more protein in their diets, according to David Portalatin, vice president, food industry analyst, The NPD Group Inc. Portalatin spoke Wednesday at the first Feed Strategy Conference, presented by WATT Global Media at the International Production & Processing Expo in Atlanta.
Finland-based meat firm, Atria PLC, has blamed higher raw material costs — particularly for livestock feeds — for a 37 percent fall in profit in 2018 compared to the previous year, and disappointing results are behind an upcoming review of the company’s Russian business.