• Archer Daniels Midland Partners with World’s Largest Meat Producer to Distribute Plant-Based Burgers

    As reported by Reuters, US-based agribusiness, Archer Daniels Midland Co, reached an agreement last week with Brazil’s Marfrig Global Foods SA, the world’s largest hamburger producer, to produce and distribute plant-based burgers.

    According to Marfrig, Archer Daniels Midland will supply the raw materials, and it will produce, distribute, and sell the plant-based meat to restaurants and retailers.

    With the need to adapt to changing consumer demand, Marfrig’s focus on plant-based meat has already been implemented by some of its competitors in Brazil. One rival, Seara, a unit of JBS SA, recently launched a line of plant-based products to compete with smaller players in Brazil that were reporting sharp sales increases.

    As we reported recently, after a slump in share prices, ADM revealed that it is looking towards the plant-based meat market as a means to offset “challenging external conditions.”

    “Together, Marfrig and ADM will produce a 100% vegetable burger with a meat-like flavor and texture. We want to give consumers the power of choice. It’s up to them,” Eduardo Miron, chief executive of Marfrig, said in a statement.

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