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Tyson Foods has formed a joint venture with Netherlands-based Protix to build an insect ingredient plant in the continental US, with operations expected to ramp up by the end of 2025. Munich-based FarmInsect received €8 million in Series A funding for R&D and a new production facility, and Scotland's Beta Bugs secured about €2 million to scale black soldier fly production.
These investments expand alternative protein capacity for feed, which could gradually reduce long-term demand for fishmeal and soymeal, but the plants are not yet operating and their near-term price effect is negligible.
feedinfo.comOct 26, 2023Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
