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This story could boost RIBT shaew price>>>>
United States to Ban Real Meat
Evidence that The Great Reset is rapidly approaching can be seen in the recent decision by the U.S. Food and Drug Administration to ban real meat, and if history is any indication, the same decision may be taken by other countries as well. The U.S. ban is slated to take effect April 1, 2024
The decision comes on the heels of repeated public appeals to the Western world by Bill Gates to stop eating real meat as a climate control effort
According to the FDA, natural beef production is a primary culprit of climate change. University of California researchers have measured the amount of methane emitted by the average cow, concluding cattle “are the No. 1 agricultural source of greenhouse gases worldwide”
Each year, a single cow produces about 220 pounds of methane, and methane from cattle is 28 times more potent in warming the atmosphere than carbon dioxide
Livestock raised in massive industrial farming arrangements, aptly called “confined animal feeding operations” (CAFOs), have also been identified as a source of foodborne illness, and is yet another reason why the FDA has decided to ban real meat in favor of synthetic beef
https://articles.mercola.com/sites/articles/archive/2022/04/01/raw-meat-sales.aspx?ui=cb65499db52abec6a9a590992872244905bf545afdb5f24bd660a43f2e592f19&sd=20150424&cid_source=dnl&cid_medium=email&cid_content=art1HL&cid=20220401Z1&mid=DM1137138&rid=1449562461
United States to Ban Real Meat
We'll see this pig this flies>>>
Evidence that The Great Reset is rapidly approaching can be seen in the recent decision by the U.S. Food and Drug Administration to ban real meat, and if history is any indication, the same decision may be taken by other countries as well. The U.S. ban is slated to take effect April 1, 2024
The decision comes on the heels of repeated public appeals to the Western world by Bill Gates to stop eating real meat as a climate control effort
According to the FDA, natural beef production is a primary culprit of climate change. University of California researchers have measured the amount of methane emitted by the average cow, concluding cattle “are the No. 1 agricultural source of greenhouse gases worldwide”
Each year, a single cow produces about 220 pounds of methane, and methane from cattle is 28 times more potent in warming the atmosphere than carbon dioxide
Livestock raised in massive industrial farming arrangements, aptly called “confined animal feeding operations” (CAFOs), have also been identified as a source of foodborne illness, and is yet another reason why the FDA has decided to ban real meat in favor of synthetic beef
https://articles.mercola.com/sites/articles/archive/2022/04/01/raw-meat-sales.aspx?ui=cb65499db52abec6a9a590992872244905bf545afdb5f24bd660a43f2e592f19&sd=20150424&cid_source=dnl&cid_medium=email&cid_content=art1HL&cid=20220401Z1&mid=DM1137138&rid=1449562461
There is one thing worse than watching paint dry. And that is waiting for a meaningful RIBT business deal PR.
In 2018 Continental bought a ton of Bunge stock to help save BG from a takeover by ADM.Probably not worried about a take over now, so sells shares. Since then Fribourg, the CEO of Continental has been on BG's BOD and a tear in getting them into plant based food. I hope Fribourg gets RIBT into it much more SOON and into India and or China
https://www.ft.com/content/28cb714e-20a1-11e8-a895-1ba1f72c2c11
BG Plant Based>>>>
https://www.bunge.com/news/bunge-limited-closes-its-first-sustainability-linked-revolving-credit-facility
Bunge plant protein investment>>>>
https://www.fooddive.com/news/bunge-invests-228m-in-pea-and-canola-protein-maker-merit/584603/
And welcome confusedtrader
Dr. Sarah Hallberg, put my diabetes in remission
Story, obituarey not out yet>>>>>
https://death-obituary.com/dr-sarah-hallberg-obituary-remembering-dr-sarah-hallberg/
Video, her video that helped me put my diabetes in remission>>>>
https://www.youtube.com/watch?v=da1vvigy5tQ&t=303s&ab_channel=TEDxTalks
Dr. Sarah Hallberg,put my diabetes in remission
Story, obituarey not out yet>>>>>
https://death-obituary.com/dr-sarah-hallberg-obituary-remembering-dr-sarah-hallberg/
Video, her video that helped me put my diabetes in remission>>>>
https://www.youtube.com/watch?v=da1vvigy5tQ&t=303s&ab_channel=TEDxTalks
Louisiana plant-based meat labeling law is unconstitutional, judge rules
wows thought--Not a big deal, except others who want to go after plan based labels might shy away. The rising power of affluence wins again?
https://www.fooddive.com/news/louisiana-plant-based-meat-labeling-law-is-unconstitutional-judge-rules/621224/?utm_source=Sailthru&utm_medium=email&utm_campaign=Issue:%202022-03-31%20Food%20Dive:%20Ingredients%20%5Bissue:40795%5D&utm_term=Food%20Dive:%20Ingredients
UPDATE: March 30, 2022: Louisiana Commissioner of Agriculture and Forestry Mike Strain commented on the ruling by email.
"We are in the process of reading and digesting the ruling of the federal district court," he wrote. "By law, I am charged with the enforcement of this law. In this case, it appears the court may have misapplied the law. On the advice of counsel, we will certainly consider seeking an appeal."
Dive Brief:
A federal judge ruled that a Louisiana state law prohibiting meat terminology on food not derived from animal carcasses is unconstitutional. Tofurky, joined by the Good Food Institute and the Animal Legal Defense Fund, filed a lawsuit challenging the law in 2020. As a result of the ruling, the law cannot be enforced.
U.S. District Judge Brian Jackson wrote the law constituted "an impermissible restriction on Plaintiffs commercial speech." The state argued the law was necessary to prevent consumer confusion, but the judge ruled there was no evidence that this occurred with plant-based meat products.
Several states, which have passed laws to restrict labeling on plant-based and cell-based meat products, have been challenged in court. A lawsuit in Mississippi got the state to change its labeling regulations. Tofurky is the lead plaintiff in pending lawsuits in Oklahoma, Arkansas and Missouri.
Dive Insight:
In a plainly worded opinion, the logic and explanation behind Louisiana's law prohibiting certain terminology on food products was summarily dismissed.
Louisiana argued Tofurky's current labels would not be subject to the law's penalties — which could be up to $500 per product. The judge said the existence of the law means Tofurky may not be able to label its products as it would want to in the future. And, the judge said, the fact that no complaints had been filed under the law from the time it was initially signed in 2019 until now shows there is no consumer confusion.
The law also would have impacted labeling for riced cauliflower and cell-based meat, which to date has not been approved for consumer consumption.
In a statement, Tofurky President and CEO Jaime Athos called the ruling a "victory for the entire plant-based industry."
"The law was an obvious attempt to give unfair advantage to animal agriculture interests by stifling the growth of plant-based food sales," Athos said. "This ruling serves as a warning to other state legislatures who may forget that they are elected to serve the needs of their constituents, not those of corporate special interests."
This ruling continues the poor track record of state laws intended to limit terminology on plant-based products. None has stood up to a legal challenge yet, though the strategy of the Oklahoma case changed last year and judges have failed to put a hold on the Missouri law while the case made its way through court.
But this decision brings something new to the table for all of these state labeling laws: a legal precedent. Because this is a federal court order, companies can use the arguments and conclusions made in this case to fight similar state labeling laws on grounds they violate free speech. Considering all of the pending lawsuits have been brought by Tofurky, the plaintiff in the three pending cases is very aware of the ruling.
The ruling also could be used to counsel a state against similar restrictive labeling legislation — and not just for plant-based or cell-based meat. The foundational arguments in the ruling could be extended to any prospective rule that limits the way food products can be labeled in a single state. The struck-down law specifically mentioned riced cauliflower, but it could also be applied to products like veggie noodles or non-dairy cheese.
Louisiana plant-based meat labeling law is unconstitutional, judge rules
wows thought--Not a big deal, except others who want to go after plan based labels might shy away.
https://www.fooddive.com/news/louisiana-plant-based-meat-labeling-law-is-unconstitutional-judge-rules/621224/?utm_source=Sailthru&utm_medium=email&utm_campaign=Issue:%202022-03-31%20Food%20Dive:%20Ingredients%20%5Bissue:40795%5D&utm_term=Food%20Dive:%20Ingredients
UPDATE: March 30, 2022: Louisiana Commissioner of Agriculture and Forestry Mike Strain commented on the ruling by email.
"We are in the process of reading and digesting the ruling of the federal district court," he wrote. "By law, I am charged with the enforcement of this law. In this case, it appears the court may have misapplied the law. On the advice of counsel, we will certainly consider seeking an appeal."
Dive Brief:
A federal judge ruled that a Louisiana state law prohibiting meat terminology on food not derived from animal carcasses is unconstitutional. Tofurky, joined by the Good Food Institute and the Animal Legal Defense Fund, filed a lawsuit challenging the law in 2020. As a result of the ruling, the law cannot be enforced.
U.S. District Judge Brian Jackson wrote the law constituted "an impermissible restriction on Plaintiffs commercial speech." The state argued the law was necessary to prevent consumer confusion, but the judge ruled there was no evidence that this occurred with plant-based meat products.
Several states, which have passed laws to restrict labeling on plant-based and cell-based meat products, have been challenged in court. A lawsuit in Mississippi got the state to change its labeling regulations. Tofurky is the lead plaintiff in pending lawsuits in Oklahoma, Arkansas and Missouri.
Dive Insight:
In a plainly worded opinion, the logic and explanation behind Louisiana's law prohibiting certain terminology on food products was summarily dismissed.
Louisiana argued Tofurky's current labels would not be subject to the law's penalties — which could be up to $500 per product. The judge said the existence of the law means Tofurky may not be able to label its products as it would want to in the future. And, the judge said, the fact that no complaints had been filed under the law from the time it was initially signed in 2019 until now shows there is no consumer confusion.
The law also would have impacted labeling for riced cauliflower and cell-based meat, which to date has not been approved for consumer consumption.
In a statement, Tofurky President and CEO Jaime Athos called the ruling a "victory for the entire plant-based industry."
"The law was an obvious attempt to give unfair advantage to animal agriculture interests by stifling the growth of plant-based food sales," Athos said. "This ruling serves as a warning to other state legislatures who may forget that they are elected to serve the needs of their constituents, not those of corporate special interests."
This ruling continues the poor track record of state laws intended to limit terminology on plant-based products. None has stood up to a legal challenge yet, though the strategy of the Oklahoma case changed last year and judges have failed to put a hold on the Missouri law while the case made its way through court.
But this decision brings something new to the table for all of these state labeling laws: a legal precedent. Because this is a federal court order, companies can use the arguments and conclusions made in this case to fight similar state labeling laws on grounds they violate free speech. Considering all of the pending lawsuits have been brought by Tofurky, the plaintiff in the three pending cases is very aware of the ruling.
The ruling also could be used to counsel a state against similar restrictive labeling legislation — and not just for plant-based or cell-based meat. The foundational arguments in the ruling could be extended to any prospective rule that limits the way food products can be labeled in a single state. The struck-down law specifically mentioned riced cauliflower, but it could also be applied to products like veggie noodles or non-dairy cheese.
BABYF Some nice days of nice green volume bars would be nice.
https://stockcharts.com/h-sc/ui?s=BABYF&p=D&yr=1&mn=0&dy=0&id=p20420034568
2 t w i t t er posters, with 116,000 followers total of them--(that is a lot)
Zalmy
@greatstockpicks
·
If you missed when this guy called $HYMC days before the run watch $RIBT. Same setup. This sector is going to fly soon
@StocksThatRips
· 3h
Still holding 50% core position $0.35 average on $HYMC
$RIBT same setup, small float, low market cap just different sector (food, grain, animal feed). current price $.46 there's a $2.08 gap that need to fill. twitter.com/StocksThatRips…
New Rippy>>>>>
Replying to
@greatstockpicks
I was the only one that pointed out the $2M ?? trade on $HYMC
And I am seeing something similar with $RIBT. A day after a director buys $25k worth at $.50 and the next day Continental Grain co. Is transfering shares for what looks to be an acquisition.
Here is a chart of the stock Rippy called>>>
https://stockcharts.com/h-sc/ui?s=HYMC&p=D&yr=1&mn=0&dy=0&id=p65759757377
INDIA |THE RISING SUPERPOWER
I have posted about how I'd like RIBT to make rice bran products with Narula as Bradley brought up last year. They are modernizing quickly, faster growth.
https://www.youtube.com/watch?v=e1qCWSCDpeg&ab_channel=InfoWorld
INDIA |THE RISING SUPERPOWER
Dew I remeber posting Africa videos here 10+ years ago. Africa has not done great yet.
https://www.youtube.com/watch?v=e1qCWSCDpeg&ab_channel=InfoWorld
Continental Grain sold over 500,000 shares, but they still own over 10,000,000 shares. This just after BOD Chemerow bought 50,000. Chemerow had to know about this and it did not bother him.
https://www.secform4.com/insider-trading/1063537.htm
Volume? Possibly Virtu and or 2 Sigma, they get things rolling and Twitter day traders follow suit? Many traders are in and out the same day, etc.
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=168175961
The 8 day ,10 day and the 200 moving averages have been key the last month. Hoping the 10 day holds and the next rally goes nuts.
https://stockcharts.com/h-sc/ui?s=RIBT&p=D&yr=0&mn=5&dy=0&id=p04273599172
Agree with copy many ways around time limits. Is the deal done yet, etc?
NO insider trades is the time it takes to leave the room you heard the inside info and walking to the hall. That is Nancy Pelosi's time limit formula?
$RIBT - RiceBran Technologies director just picked up 50,000 shares
David I. Chemerow, a director of RiceBran Technologies, recently acquired 50,000 shares of the company. The buys took place at prices ranging from $0.50 to $0.50 per share, on March 24, 2022. Chemerow now owns 260,332 shares of the company. Chemerow operates out of Tomball, TX.
https://www.sec.gov/Archives/edgar/data/1063537/000133171722000006/xslF345X03/primary_doc.xml
.
If RIBT can close above the 200 day moving average at .61, it should got to .90's quickly. The stock touched it or above both of the last 2 days. Hope for next Monday, but it could hang around here like it did the week before this week for a few days?
Of interest in that the spike 13 days ago stopped at the 250 day moving average.
https://stockcharts.com/h-sc/ui?s=RIBT&p=D&yr=1&mn=0&dy=0&id=p92398940053
A great song in any language>>>>>
https://www.youtube.com/watch?v=YT0YXhRAUV8&ab_channel=IlDivoVEVO
A great song in any language>>>>>
https://www.youtube.com/watch?v=YT0YXhRAUV8&ab_channel=IlDivoVEVO
Guns N' Roses - Patience
https://www.youtube.com/watch?v=ErvgV4P6Fzc&ab_channel=GunsNRosesVEVO
Guns N' Roses - Patience
https://www.youtube.com/watch?v=ErvgV4P6Fzc&ab_channel=GunsNRosesVEVO
Why You Should Treat Yourself to Regular Saunas
https://www.greenmedinfo.com/blog/why-you-should-treat-yourself-regular-saunas
Snippet:
Want to enjoy many of the same benefits as a bout of vigorous exercise, extend your "healthspan" and protect your brain and heart health -- all while relaxing in warm comfort? Treat yourself to a sauna!
US plant-based sales skyrocket beyond US$7B despite supply chain disruptions
https://www.foodingredientsfirst.com/news/us-plant-based-sales-skyrocket-beyond-us7b-despite-supply-chain-disruptions.html
Snippet:
Plant-based retail sales are booming with a record year of growth which has bolstered the total plant-based market value to an “all-time high” of US$7.4 billion. This is according to research from the Plant-Based Foods Association (PBFA), The Good Food Institute (GFI) and SPINS.
Plant-based food retail sales grew three times faster than total retail sales, with many plant-based categories outpacing conventional counterparts.
The growth in this category went unscathed by surrounding supply chain disruptions, escalating inflation and COVID-19 pandemic restrictions.
“Product innovation is critical for plant-based categories to continue to earn a larger share of the market. Getting more consumers to eat plant-based foods more often requires improved taste and texture to compete with animal products, more product diversity, and greater affordability and accessibility,” says Karen Formanski, GFI’s research and analysis manager.
“As businesses recognize the staying power of plant-based foods, the food industry must seize these opportunities to maximize the vast potential of plant-based alternatives to compete with animal products,” says Formanski.
PB milk and dairy at top of profit pyramid
As the largest category in the plant-based space, plant-based milk now accounts for 16% of all retail milk sales, contributing to US$105 million. Sales grew 33% in the past three years to reach US$2.6 billion, while animal-based milk sales declined by 2% in 2021, a loss of about US$264 million.
About 42% of households purchase plant-based milk and 76% of plant-based milk buyers bought it multiple times in 2021, the research shows. Plant-based milk benefits from product innovation, including ingredient diversification, product development to improve taste, functionality and nutrition.
“The data shows that, despite the challenges of the past two years, retailers and foodservice providers are meeting consumers where they are by partnering with brands across the entire store to expand space, increase assortment, and make it easier than ever to find and purchase plant-based foods,” says Julie Emmett, senior director, marketplace development, PBFA.
I would say plant based needs to be lower than meat. It is still growing now. I just bought a "healthy soup", lower salt, and plant based chicken chunks.
US plant-based sales skyrocket beyond US$7B despite supply chain disruptions
https://www.foodingredientsfirst.com/news/us-plant-based-sales-skyrocket-beyond-us7b-despite-supply-chain-disruptions.html
Snippet:
Plant-based retail sales are booming with a record year of growth which has bolstered the total plant-based market value to an “all-time high” of US$7.4 billion. This is according to research from the Plant-Based Foods Association (PBFA), The Good Food Institute (GFI) and SPINS.
Plant-based food retail sales grew three times faster than total retail sales, with many plant-based categories outpacing conventional counterparts.
The growth in this category went unscathed by surrounding supply chain disruptions, escalating inflation and COVID-19 pandemic restrictions.
“Product innovation is critical for plant-based categories to continue to earn a larger share of the market. Getting more consumers to eat plant-based foods more often requires improved taste and texture to compete with animal products, more product diversity, and greater affordability and accessibility,” says Karen Formanski, GFI’s research and analysis manager.
“As businesses recognize the staying power of plant-based foods, the food industry must seize these opportunities to maximize the vast potential of plant-based alternatives to compete with animal products,” says Formanski.
PB milk and dairy at top of profit pyramid
As the largest category in the plant-based space, plant-based milk now accounts for 16% of all retail milk sales, contributing to US$105 million. Sales grew 33% in the past three years to reach US$2.6 billion, while animal-based milk sales declined by 2% in 2021, a loss of about US$264 million.
About 42% of households purchase plant-based milk and 76% of plant-based milk buyers bought it multiple times in 2021, the research shows. Plant-based milk benefits from product innovation, including ingredient diversification, product development to improve taste, functionality and nutrition.
“The data shows that, despite the challenges of the past two years, retailers and foodservice providers are meeting consumers where they are by partnering with brands across the entire store to expand space, increase assortment, and make it easier than ever to find and purchase plant-based foods,” says Julie Emmett, senior director, marketplace development, PBFA.
Plant-based price parity will lead to exponential growth, study finds
https://www.fooddive.com/news/plant-based-price-parity-will-lead-to-exponential-growth-study-finds/620690/
Dive Brief:
Once plant-based meat reaches price parity with the animal-derived variety, its market share will grow exponentially, according to a study from Kearney. According to an analysis from agricultural economist Jayson Lusk, every 1% drop in price for plant-based patties leads to a 3% increase in market share.
Price parity isn't all that far away, Kearney analysts said. Many plant-based meat makers are close to paying off their start-up R&D costs, and some of the larger companies are instituting across-the-board price reductions. At the same time, traditional animal meat is getting more expensive because of inflation — something Kearney said hasn't happened so much to plant-based analogs.
Plant-based meat was a hot category with consistently growing sales through the first half of 2021, but sales have cooled considerably in the past six months. Publicly traded Beyond Meat and Maple Leaf Foods, parent company of Greenleaf Foods, both recently reported flat or negative growth in the segment.
Dive Insight:
This report brings a piece of good news to the plant-based meat sector: Despite recent slowdowns, serious growth may be around the corner. And unlike before, when the segment was relatively small and massive growth rates were easier to achieve, this expansion could actually make a serious dent in the meat industry.
It's all a matter of price, Kearney's report says. The management consulting firm found that three-quarters of consumers were likely to purchase plant-based products in the next year, with four in 10 saying they were very likely to buy them. The remaining 25% had two big reasons they didn't want to buy the products: They don't taste good and they're too expensive. More than half — 53% — said price is a limiting factor.
Plant-based meat companies have been working hard toward getting to price parity. Last year, Impossible Foods slashed its recommended grocery store prices by a fifth. The company also had two 15% price cuts for foodservice distributors in 2020 and 2021. Company President Dennis Woodside said in a blog post at the time of the grocery store price cut that Impossible always had the goal of driving down production costs as the company scales — and then being able to price its products cheaper than the meat they mimic. As people buy more Impossible Burgers, Woodside wrote, it fuels a "virtuous cycle" so they cost less to everyone.
The other giant in plant-based meat, Beyond Meat, is also making efforts toward price parity. The company set a goal to get at least one of its products there by 2024, and CEO Ethan Brown said last month in Beyond Meat's most recent earnings call that it was well on its way. New processes and R&D had helped lower input prices in the last year, he said, and more is coming.
The implications of players like Impossible and Beyond Meat hitting price parity are huge: If plant-based and traditional meat cost the same, Kearney estimated, plant-based patties could have a 10% market share for beef, and 22% for all animal protein.
Other consultants and investors also see price parity on the horizon. A report last year from investment firm Blue Horizon Corporation and Boston Consulting Group sees plant-based products reaching parity in 2023 — something that will speed mass adoption of the segment. The report estimates that at least 11% of all protein consumed in 2035 will be alternatives. With the right regulatory and government support, the report predicts meat consumption in the U.S. and Europe could actually start declining after 2025.
Regardless of what is happening in the plant-based meat sector, animal meat prices have also been rising, which acts to speed the drive to price parity as well. Supply chain, weather, inflation and personnel shortages have all come together to inch up the price of meat. According to statistics kept by the USDA, the price of a pound of ground beef has gone up 76 cents — or about 21% — between February 2020 and February 2022. Although a recent study commissioned by Ingredient Communications found that consumers would be willing to accept price increases of 50.6% before they stopped buying meat, decreasing costs for plant-based meats may erode this limit.
Plant-based price parity will lead to exponential growth, study finds
https://www.fooddive.com/news/plant-based-price-parity-will-lead-to-exponential-growth-study-finds/620690/
Dive Brief:
Once plant-based meat reaches price parity with the animal-derived variety, its market share will grow exponentially, according to a study from Kearney. According to an analysis from agricultural economist Jayson Lusk, every 1% drop in price for plant-based patties leads to a 3% increase in market share.
Price parity isn't all that far away, Kearney analysts said. Many plant-based meat makers are close to paying off their start-up R&D costs, and some of the larger companies are instituting across-the-board price reductions. At the same time, traditional animal meat is getting more expensive because of inflation — something Kearney said hasn't happened so much to plant-based analogs.
Plant-based meat was a hot category with consistently growing sales through the first half of 2021, but sales have cooled considerably in the past six months. Publicly traded Beyond Meat and Maple Leaf Foods, parent company of Greenleaf Foods, both recently reported flat or negative growth in the segment.
Dive Insight:
This report brings a piece of good news to the plant-based meat sector: Despite recent slowdowns, serious growth may be around the corner. And unlike before, when the segment was relatively small and massive growth rates were easier to achieve, this expansion could actually make a serious dent in the meat industry.
It's all a matter of price, Kearney's report says. The management consulting firm found that three-quarters of consumers were likely to purchase plant-based products in the next year, with four in 10 saying they were very likely to buy them. The remaining 25% had two big reasons they didn't want to buy the products: They don't taste good and they're too expensive. More than half — 53% — said price is a limiting factor.
Plant-based meat companies have been working hard toward getting to price parity. Last year, Impossible Foods slashed its recommended grocery store prices by a fifth. The company also had two 15% price cuts for foodservice distributors in 2020 and 2021. Company President Dennis Woodside said in a blog post at the time of the grocery store price cut that Impossible always had the goal of driving down production costs as the company scales — and then being able to price its products cheaper than the meat they mimic. As people buy more Impossible Burgers, Woodside wrote, it fuels a "virtuous cycle" so they cost less to everyone.
The other giant in plant-based meat, Beyond Meat, is also making efforts toward price parity. The company set a goal to get at least one of its products there by 2024, and CEO Ethan Brown said last month in Beyond Meat's most recent earnings call that it was well on its way. New processes and R&D had helped lower input prices in the last year, he said, and more is coming.
The implications of players like Impossible and Beyond Meat hitting price parity are huge: If plant-based and traditional meat cost the same, Kearney estimated, plant-based patties could have a 10% market share for beef, and 22% for all animal protein.
Other consultants and investors also see price parity on the horizon. A report last year from investment firm Blue Horizon Corporation and Boston Consulting Group sees plant-based products reaching parity in 2023 — something that will speed mass adoption of the segment. The report estimates that at least 11% of all protein consumed in 2035 will be alternatives. With the right regulatory and government support, the report predicts meat consumption in the U.S. and Europe could actually start declining after 2025.
Regardless of what is happening in the plant-based meat sector, animal meat prices have also been rising, which acts to speed the drive to price parity as well. Supply chain, weather, inflation and personnel shortages have all come together to inch up the price of meat. According to statistics kept by the USDA, the price of a pound of ground beef has gone up 76 cents — or about 21% — between February 2020 and February 2022. Although a recent study commissioned by Ingredient Communications found that consumers would be willing to accept price increases of 50.6% before they stopped buying meat, decreasing costs for plant-based meats may erode this limit.
RIBT I wish it was going up on all it's own merits. But like at Twitter, it's tied a lot to a basket of small "Food Shortage stocks, WEAT and RKDA and others.
Maybe to much ay once. And tied to the "food shortage" stories. if a big deal is announced, today will look like chicken feed.
https://stockcharts.com/h-sc/ui?s=RIBT&p=D&yr=1&mn=0&dy=0&id=p49985889017
EVRNF(China Realestate) Desperate Evergrande Bondholders Threaten Lawsuit After Lenders Seize $2 Billion
https://finance.yahoo.com/quote/EGRNF/?p=EGRNF
https://www.zerohedge.com/markets/desperate-evergrande-bondholders-threaten-lawsuit-after-lenders-seize-2-billion
Following yesterday's revelation that an unspecified lender had seized more than $2 billion in cash deposits belonging to one of China Evergrand Group's subsidiaries, investors who own the firm's badly battered foreign-currency denominated bonds are reportedly examining legal avenues to recouping their capital, according to the FT.
A group of distressed debt investors in the US and UK (including Saba Capital, Redwood Capital Management and Ashmore) met on Tuesday and asked their lawyers to start work on a legal analysis of the situation in order to decide on a strategy. Evergrande and its subsidiaries trade in Hong Kong.
One of the FT's sources said the funds had been conspiring to try and find a legal avenue to force Evergrande to make good on its bonds in default before the company disclosed the seizure of $2 billion by unspecified lenders: the bonds represent $20 billion of foreign-currency debt, and are presently trading at a fraction of their face value. Evergrande has said it's hoping to offer up a debt-restructuring plane by July.
News of the $2 billion seizure infuriated bond holders, who will ultimately be saddled with losses if Evergrande ultimately fails to repay. Bondholders believe that the debt covenants entitles them to priority repayment over whatever lender seized the money.
One person directly involved in the situation said investors feel they have "no choice" but to commence legal action and that plans were already prepared. "I think it has massively changed the game, "the person said about the $2bn claim. "The atmosphere in the room is one of boiling blood."
All told, the Chinese developer owes more than $300 billion, and the firms push toward restructuring represents the biggest debt-restructuring in Chinese history.
Bondholders are also reportedly embracing the argument that the money seized by the firm's lenders would have been put to better use to pay off the bond obligations.
But while bondholders could be let holding the bag for billions, the incident represents a windfall for law firm Kirkland & Ellis and investment bank Moelis & Company.
The process has already been fraught with difficulty: Evergrande’s default, which began with missed payments in September but wasn't officially confirmed by one of the major US ratings agencies until December, has been characterized by a lack of disclosure and international investors have often been left in the dark
Another reason for the company's troubles: the CCP has prioritized the completion of Evergrande's apartment complexes over improving the company's financial position.
Evergrande held a call with investors last night, but few details about its plans were reportedly disclosed. One person who participated described it as "if a politician were addressing 15,000 people."
Investors and economists are closely watching the situation since China's heavily indebted property sector has led to speculation by some that the firm's default and eventual collapse could trigger China's "Lehman moment".
Copy, on March 10th we did 16,667,300 shares
The all time was 162,285,400 on April 27th last year. That is like trading 3.6 times the total shares then of approximately 45,000,000, lol
We could excedd that with a big reverse merger with Impossbile or patnership with Natula. Neither day of the big ones above had any news.
https://finance.yahoo.com/quote/RIBT/history?p=RIBT
110,000 shares already traded at 3 minutes after the open. That must have been besdin.
Dew, I smiled at "Chief Visionary Officer" myself. I'm thinking more now that it is a sign Impossible Foods is preparing for an IPO. I would not look for an IPO soon since the CEO should know a bit about the company first before and IPO?
$6.00? Wimp
Weekender: Nearly 80% of food and beverage companies have passed on higher costs to customers, survey finds
https://mail.google.com/mail/u/0/#inbox/FMfcgzGmvTzffnSxBGSQWPSDKggQzTld
Weekender: Nearly 80% of food and beverage companies have passed on higher costs to customers, survey finds
https://mail.google.com/mail/u/0/#inbox/FMfcgzGmvTzffnSxBGSQWPSDKggQzTld
tai, you will find the vieo below of interest on the tie with Continental Grain and Impossible. I saw the video below in March 2018 right before the conferece call. The video is from June 2017 and Continental bought into RIBT 4 months later. In the March 2018 CC I got a call in to the CC and I was asking about disruptive food technology. I got to where I feel they thought I was going to say "Impossible Foods", I was not going to mention them by name,but me as the 4th and possbily last caller, they shut the call down. The transcript said "Abrupt end". early the next week management bought more shares, then Continental bought a bunch more. I thought at first that they did not want me to make the Continental/Impossible connection, but it could have been it might have raised the share price and they did not want that. But, geezs, that was 4 years ago and plant based protein has spread everywhre but not all the eway in Asia.
Link 2 below scroll down to partenrships and see Bunge on page one. Clock the little orange arrow twice and see RIBT as a partner. I think it possible that Bunge does something with RIBT too as Continental's CEO Paul Fribourg sits on Bunge's BOD, and in 2018 saved Bunge from a hostile takeover by ADM. But nothing yet. Scroll down to the next section and see "Ventures" and on page 1 is Impossible Foods.>>>
https://continentalgrain.com/business/
Video watch, the first 8 minutes for sure and listen for the BINGO starti 1:15 mark for a few secongs at the 1:14 mark. But that was all 5 years and I think Continental could have other plans than Impossible. Narula would be bigger in my mind and could include Impossible. BYT, Narula is private as well, could they do a reverse merger with RIBT? I believe more of a partnersip is likely, not merger.
https://www.youtube.com/watch?v=pNG1Q7d7uIw&t=113s&ab_channel=MilkenInstitute
tai, I hope they get a deal in India. RIBT had an organic rice ban deal with Urmatt from 2010 until last year, and it might still be alive as far as I know.>>>
https://www.seair.co.in/us-import/product-rice-bran/e-urmatt-ltd.aspx
Urmatt is controlled my Narula, a huge India conglomerate, approved by their government. Narula is private, so little news. They are into healthcare>>>
https://thesiliconreview.com/magazine/profile/sng-sun-narula-group-bringing-smartsolutions-to-indian-healthcare-sector
Many other things and Food>>>
https://www.dnb.com/business-directory/company-profiles.narula_foods_private_limited.b9bbe9fc836b30d3030d6c12ced85db7.html
Bradley brought Narula up at an earlier CC in 2021. He said as best as I can recall, "We are hoping to make several rice bran products with them". It was like not a done deal and it could be dead, or stalled off because of the Ukraine stuff.
tai, RIBT would be much better off with Narula than Impossible. Impossible just got a new CEO and maybe struggling like BYND. Either way, RIBT could sell to Impossible in China through Narula possibly, plus make other products, food and neutraceuticals with Narula. India is a rice based country. It would be easier to sell rice based anything there than here.
Painful song - woman
https://www.youtube.com/watch?v=UNoouLa7uxA&ab_channel=Jewel