In a research note, Crisil said spike in the food prices is the main villain in the inflation story. “While food inflation has ascended to double digits, it is not broad-based. It is specifically in vegetables, followed by pulses, which are behind the surge,” said the rating agency in the report. … [Read more...] about CPI inflation may stay elevated in the near term; base effect, direction of food prices will be key
But if restaurant chains are proceeding with caution, it’s not for lack of curiosity from consumers. According to new data from SEMrush, an analytics company that studies keywords, Google searches in the United States for fast-food meatless options are on the rise. Monthly average searches for major fast-food chains along with the word “vegan” rose 12% from 2018 to 2019. For the word “vegetarian,” they jumped 35%. … [Read more...] about Vegan fast-food options: From Taco Bell to McDonald’s, Americans are searching
It’s a good time to be in the plant-based meat business. Today, Impossible Foods, known for its very beef-like plant-based burger, announced that it closed a new $300 million funding round, bringing total venture investment in the company to more than three-quarters of a billion dollars. On April 29, Burger King said that it planned to start serving Impossible Whoppers nationwide. (The burger is already sold in more than 7,000 other restaurants–up from 70 just two years ago–and will be in retail stores later this year.) McDonald’s is serving a new vegan burger in Germany and a vegan Happy Meal in the U.K. Nestlé plans to start selling its own “Incredible Burger,” another realistic plant-based burger designed to be cooked from a raw patty, in Europe this spring, followed by the U.S. this fall. When Beyond Meat went public on May 2, its stock quickly soared. … [Read more...] about Can plant-based meat grow from a $1 billion industry to a $20 billion industry?
So what does the packaging actually look like? For now, it’s a great idea but a missed opportunity. Above the nutrition information, Quorn is printing this statement in bold: “The carbon footprint for the full lifecycle of this Quorn product is 0.16kg per serving.” As of now, this statement can easily be lost in the other info on the back, like product preparation. You’re also left wondering, “So, is 0.16kg good? It must be good, right? But how good?” Quorn brought prose to an infographic fight. … [Read more...] about Low-CO2 food labeling will be the next ‘low fat’ craze
— Budweiser Canada (@BudweiserCanada) January 13, 2020 Get access to India's fastest growing financial subscriptions service Moneycontrol Pro for as little as Rs 599 for first year. Use the code "GETPRO". Moneycontrol Pro offers you all the information you need for wealth creation including actionable investment ideas, independent research and insights & analysis For more information, check out the Moneycontrol website or mobile app. … [Read more...] about Twitter in splits as Burger King offers part-time job to Prince Harry