Image source: New York Times
Every week we track the business, tech and investment trends in CPG, retail, restaurants, agriculture, cooking and health, so you don’t have to. Here are some of this week’s top headlines.
The Russian invasion of Ukraine is threatening to cut off international shipments of wheat, spurring shortages and pushing the price of the crop higher amid spiraling inflation and supply chain challenges. The two countries make up nearly a quarter of the world’s global supply of wheat.
Cell-cultured and plant-based meats continue to go head-to-head in the race to dominate the alternative protein market. Both Wildtype and Next Gen Foods raised $100 million for their cultured salmon and plant-based chicken, respectively.
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Check out our weekly round-up of last week’s top food startup, tech and innovation news below or peruse the full newsletter here.
Russia and Ukraine together produce nearly a quarter of the world’s wheat, and coming disruptions could fuel higher food prices and social unrest.
The company plans to use funding to begin distributing its product to high-end chefs and grocery stores. It is still currently awaiting FDA approval.
Next Gen Foods plans to expand to the US, starting with major cities, pitting it against Impossible Foods and Beyond Meat.
The Mesa Starbucks store is the third company-owned location to vote in favor of unionization since December.
Cottage cheese makers touting nutrient-dense ingredients and sustainable agricultural practices are staging a massive comeback for the category that was once twice the size of the yogurt market in the US.
The plan is to combine NotCo’s patented tech and expertise in plant-based formulation with Kraft Heinz’s brand portfolio and scale.
The partnership with Arxada increased Geltor’s fermentation production capacity from tens of thousands of liters to millions of liters in just two years.
Lawsuits from white farmers have blocked $4b of pandemic aid that was allocated to Black farmers in the American Rescue Plan.
NFTs and other “web 3.0” tools are how the Brazilian startup plans to digitalize carbon credits and preserve the Amazon rainforest.
The funds will be used to open more production sites outside the Netherlands, in North America and in Europe.