Archer-Daniels-Midland CFO Vikram Luthar Says Shifting Plant-Based Protein Ingredients Production To Higher Demand Products As Meat Alternatives Demand Slumps
Portfolio Pulse from Benzinga Newsdesk
Archer-Daniels-Midland's CFO, Vikram Luthar, has announced that the company is shifting its plant-based protein ingredients production to higher demand products due to a slump in demand for meat alternatives.
October 24, 2023 | 1:26 pm
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NEGATIVE IMPACT
Beyond Meat, a producer of plant-based meat substitutes, could potentially be impacted by the decreased demand for meat alternatives.
Beyond Meat, being a producer of plant-based meat substitutes, could potentially be impacted by the decreased demand for such products. This could lead to decreased revenues and a potential drop in stock price.
CONFIDENCE 70
IMPORTANCE 60
RELEVANCE 50
NEUTRAL IMPACT
Archer-Daniels-Midland is shifting its plant-based protein production due to decreased demand for meat alternatives. This could potentially impact the company's revenues and stock price.
The shift in production could potentially lead to a change in revenues and profitability depending on the demand and profitability of the new products. This could in turn impact the company's stock price.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100