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.
The Australian livestock export industry, which generates AU$2 billion-a-year, has distanced itself from the New Zealand industry, which has been banned from exporting livestock by sea, the ban being phased in over two years.
The Australian Government says it has no plans to ban livestock exports. New Zealand’s move is expected to help Australian farmers win lucrative trade deals with China, which had been spending big on our dairy breeding heifers.
While Australian exporters are sympathetic to the plight of their Kiwi colleagues, and disappointed by the ban, they are looking forward to sending more livestock to buyers overseas, with support from their government that believes animal welfare standards are adequate.
