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Tomra Food has begun offering its optical sorting technology to renderers who convert animal by-products into pet food and feed ingredients. The company says the move follows its earlier success supplying petfood producers.
The global petfood market is cited at about $90 billion a year, growing 5-6% annually.
Better sorting raises the quality and value of rendered meat and bone meal used in feed, a modest supply-side efficiency change with little direct price impact on feed commodities.
internationalpetfood.comDynamicNov 4, 2021Not 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.
