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Cargill Study Shows Consumer Support of Farmers Grows As a Result of COVID-19 Challenges
A recent Cargill study found a majority of consumers stand ready to rally around farmers in support of their efforts to put food on tables around the globe. Consumer recognition for the challenges and expectations farmers face grew amid the COVID-19 pandemic, as processing and transportation bottlenecks, especially in the protein industry, stretched the global food supply. In the latest Feed4Thought survey, Cargill found nearly one-third of consumers in the U.S., Brazil, Vietnam and Norway have a renewed appreciation for animal agriculture.
“Farmers and ranchers have faced tremendous pressures caused by COVID-19 supply chain disruptions. And those pressures came on top of the multitude of challenges farmers already faced as they worked to feed the world in...
French Plant-Based Protein Maker Roquette Sees Short-Term COVID-19 Impact
The plant-based protein market has seen a slowdown in new product launches and lower sales in restaurants and cafeterias due to COVID-19 but benefited from more people cooking at home and trying new products, French manufacturer Roquette said.
The market for plant-based protein such as meat-free burgers has surged in the past few years, attracting major investment from global agrifood groups, including Archer Daniels Midland, Cargill, and Nestle, hoping to capitalize on a trend towards healthy eating generally, including less red meat.
But lockdowns around the world to prevent the spread of COVID-19 have shaken the market, Jean-Philippe Azoulay, Head of Pea and New Proteins Business at French ingredient maker...
Cargill to Advance Regenerative Farming Practices
Cargill is supporting farmer-led efforts to adopt practices and systems foundational to regenerative agriculture practices across 10 million acres of North American farmland over the next 10 years.
The initiative will focus primarily on row crop rotations that include corn, wheat, canola and soybeans and other staple crops. Cargill expects these regenerative agriculture practices to benefit the long-term profitability and resiliency of farmers while simultaneously advancing the company's progress against its science-based climate commitment to reduce greenhouse gas emissions in its global supply chains by 30 percent per ton of product by 2030. The initiative will also...
The Nature Conservancy, Cargill, McDonald’s and Target Unite to Invest in Beef Sustainability
The Nature Conservancy, McDonald’s, Cargill and Target are coming together to launch a new five-year, $8.5 million project aimed at working with Nebraska farmers to advance proven soil health practices to help mitigate greenhouse gas emissions and help farmers adapt to climate change. Overall, this effort has the potential to sequester 150,000 metric tons of carbon dioxide over the course of the project – equivalent to removing over 32,000 cars from the road in one year.
Nebraska is one of the top states for U.S. beef production and among the top three states for corn production, a key ingredient for cattle feed. This project will work with interested farmers to reach...
Cargill Releases Annual Report
Fiscal 2020 was a year like no other. In such a challenging environment, Cargill has anchored to its purpose and values. The company exists to nourish the world in a safe, responsible and sustainable way. Despite challenges facing the food and ag system and disruptions from the COVID-19 pandemic, Cargill’s FY 2020 annual report, Nourishing the World, demonstrates how the team’s resiliency and agility helped to keep supply chains moving to put food on family tables around the globe.
“The last year taught us that we are capable of so much more than we previously thought. We can move faster, with more agility, navigating a crisis while keeping our people’s wellbeing front and center,” said David MacLennan, Cargill’s chairman and CEO. “We are grateful to our employees, customers and...
New Funding for Cattle Producers to Secure Strong Future for the Beef Industry
The National Cattlemen’s Foundation (NCF) announced its partnership with Cargill to provide funding to North American cattle producers to provide practical tools to help manage market shifts, reduce costs, manage finite natural resource availability and withstand extreme weather events.
The four-year strategic partnership, which was funded by a $3 million contribution from Cargill’s protein business, establishes a professional development scholarship program, and provides educational resources through the U.S. Roundtable for Sustainable Beef (USRSB) and experiential learning in partnership with the National Cattlemen’s Beef Association (NCBA).
“Cargill is invested in the future of ranchers and farmers,” Jon Nash, Cargill Protein – North America business leader. “This contribution is just one of the ways...
COVID-19 Impact on Alternative Protein Industry
The on-going COVID-19 pandemic is re-shaping everything from the global economies to product categories, pricing, and stock availability to consumer behavior.
The pandemic has also placed the spotlight on meat supply and food security globally. The spotlight on meat supply has been evident in both developed and emerging markets amidst disruptions to supply chains and panic buying and stockpiling, following announcements of lockdowns and social distancing measures...
Cargill Demonstrates Significant Progress Against Critical Sustainability Goals
At Cargill, sustainability is written into the company’s purpose—and woven into core operations including investment priorities, organizational structure and resource allocation. The company recently outlined progress against sustainability goals in critical supply chains including aqua nutrition, cocoa and chocolate, palm, soy, ocean transportation and beef. With a focus on advancing progress on land use, climate change, water, farmer prosperity and human rights, the company is working across every supply chain to drive sustainable production, transportation and operations.
“The call for radical transparency is increasing. More than ever, our customers and consumers want to understand the story behind the products they buy,” said Jill Kolling, Vice President of Global Sustainability, Cargill. “By investing and partnering on...
Cargill Launches New Plant-Based Products in China
Cargill announced it is launching a series of plant-based products in China, bringing more quality protein options to the Chinese market. The launch includes products for foodservice and a consumer-facing brand PlantEver. PlantEver is expected to debut in the Chinese market at the end of June and be available online and offline. “Our plant-based protein products were developed through extensive consumer engagement and research. We combine our knowledge and expertise in R&D and innovation to create some of the best tasting products in the plant-based category,” said Jackson Chan, managing director of Cargill Protein China. “The launch is just the beginning, we look forward to continuing to innovate. Our customers in China can count on a partner with...
Protein Alternatives Market Outlook to 2025; Dominated by Cargill
According to ResearchAndMarkets, the global protein alternatives market is projected to grow with a CAGR of 7.4% during the forecast period (2020-2025).
The market studied has witnessed a significant growth due to the increasing intolerance toward animal protein, thereby leading to the shift in preference of the meat-consuming population toward meat substitutes made of vegan protein, therefore, driving the market studied.
Consumers in developing regions, like Asia-Pacific and Africa, have started to incorporate more protein in their daily diets. Many companies operating in the market place have started to initiate...
Cargill Launches Plant-Based Patty and Ground Products
Retail food and foodservice businesses can now capture their share of the growing plant-based protein market under their own brands thanks to Cargill. The global food and agriculture company today announced its new private label plant-based patties and ground products will hit retailers and restaurants in early April.
The new offerings are part of Cargill’s inclusive approach to the future of protein – advancing both animal and alternative protein products to meet the expected 70% growth in global demand for protein over the next 30 years.
The plant-based protein products, which were developed through culinary insight, extensive consumer research and innovation, are made in...
Cargill Conducts Voluntary Recall of a Single Lot of NutreBeef Transition Pellet
Cargill’s animal nutrition business is conducting a voluntary recall of a single lot (382 bags, 50 lb each) of NutreBeef Transition Pellet (MH) beef cattle feed because the product may contain mispackaged feed with elevated levels of monensin. The affected product was sold in Kansas and Texas. At elevated levels, monensin can be toxic to cattle and can cause colic-like symptoms, hypokalemia (low potassium), myoglobinuria (breakdown of muscle in the urine), chronic cardiovascular issues, and possible death.
The following affected product was manufactured at Cargill’s McPherson, KS, facility and is being recalled from...
Covantis Initiative Announces Lead Technology Partner - ConsenSys
The founding members of the Covantis initiative, which aims to modernize global trade operations, have announced the selection of ConsenSys, a market-leading Ethereum blockchain technology company, as the lead technology partner to develop its transformative platform.
“The founders set up a robust selection process, including a two week hackathon, to ensure that we chose the right technology partner to meet our industry’s needs,” said Stefano Rettore, independent advisor to the project. “ConsenSys presented prototypes that demonstrated excellence in its field and has a track record of using blockchain technology to digitize processes in...
Cargill Predicts Food Trends for 2020
Consumers' connection to their foods is driving change across supply chains throughout the food system. When considering the protein industry, innovation, convenience, nutrition, transparency, and sustainability are leading to new practices and products. Cargill has provided 10 trends influencing what, how, and the way consumers are expected to eat in the year 2020.
1. Growing appeal of protein
U.S. consumers have a growing appetite for protein, with 55% of U.S. households saying high protein is an important attribute to consider when buying food. In fact, 65% of consumers often or always think about protein in their diets and...
Cargill Reports Fiscal 2020 Second-Quarter Results
Cargill today reported results for the fiscal 2020 second quarter ended Nov. 30, 2019. Key measures include:
“We saw very good execution from our global teams throughout the quarter, as they focused on delivering...
Cargill Survey Reveals Consumers Believe Technology Will Feed the World More Sustainably
Technology in agriculture (ag-tech) is how we’ll feed a growing population, make farming more sustainable and improve the lives of farm animals, say 85% of the 3,000 participants in Cargill’s new three-continent consumer survey. At the same time, only about half of those surveyed want their food to come from a technologically advanced (versus traditional) farm. Industries like medicine and education are where respondents most want to see technology used. Farming ranks third—above defense, manufacturing, retail and food.
“We know that new technologies are allowing farmers to make better, faster, more informed decisions to feed a hungry world while protecting the planet,” said Sri Raj Kantamneni, managing director of Cargill’s digital business. “We also know that agriculture is still the least digitalized industry sector in the world. That means...
Cargill Expands Climate Change Commitments
With a global footprint and presence in major food and ag supply chains around the globe, Cargill is committed to protecting the earth’s vital natural resources and reducing its environmental impact. In alignment with its climate commitment, Cargill has adopted a Scope 3 target of reducing greenhouse gas emissions in its global supply chains by 30% per ton of product by 2030.
This goal aligns with many of Cargill’s customers, who are driving toward similar climate goals. Cargill has also reinforced its intent to prioritize climate through three recent activities aligned with companies around the globe, including pledging to the CEO climate statement, signing on to the We Are Still In coalition to continue supporting the Paris Climate Accord and...
Top Meat, Poultry, Egg and Seafood Price Action Broken Down in the Latest Market Briefing
Current Restaurant Restrictions and Capacity By State
Billions in Consumer Spending Are Shifting as COVID-19 Forces Widespread Retail Disruption
The NPD Group Reveals Consumers' Top Plant-Based Product Choices
Americans Flock to Chicken, the Nation’s #1 Quarantine Protein
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