Nestle teams up with Canadian plant-based ingredient makers

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Nestle teams up with Canadian plant-based ingredient makers

Late on Friday, the 24th of January 2020, the Vevey-based Swiss Multinational food and drink processing conglomerate, Nestle SA had issued a statement saying that it had partnered up with a small Canadian plant-based food maker, Burcon and Merit Functional Foods, remarking the second agreement reached this month aimed at Canadian crops.

In point of fact, latest move from the world’s largest food processor came forth as the latest of a string of deeds where a traditional food processor was found to have leaned on to plant-based food. Apart from that, since Canada has been among the world’s largest producers of canola and peas, farm goods which are high in protein, more and more meat substitute producers developing a swathe of plant-based food products ranging from burgers to nuggets, had been stepping up demands of Canadian farm goods over the recent past.

Meanwhile, adding that the agreement with Nestle SA would likely to last for long with expiry dates on contracts, Burcon Chief Executive, Johann Tergensen said in an interview on Friday (January 24th), “It’s a little bit like Christmas morning for those of us who have been doing this for 20 years.

In the early days, I had to explain to people what protein was. Now it has been a wild ride. ” Aside from that, following reveal of the deal Toronto-listed shares’ prices of Burcon, space-dived as much as 36 per cent to C$1.89 per share on Friday’s (January 24th) market wrap up.