Plant-based bubble bursts
OPINION: Talking about plant-based food: “Chicken-free chicken” start-up Sunfed has had its valuation slashed to zero by major investor Blackbird Ventures, and its products are no longer available in supermarkets.
According to US Department of Agriculture figures, there are over 1 billion cattle in the world: India leads with 305 million cattle followed by Brazil on 252 million.
NZ is 12th on the list with just over 10 million cattle or just 1% of the total global herd. About 80% of New Zealand beef is exported and makes up 8% of the world’s exported beef.
New Zealand produces 21 billion litres of milk every year – about 3% of the world milk production. We are the world’s 8th largest milk producer.
Not bad for a team of just five million!
