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Start-up offers DIY solution to cut cost of lab-grown meat

Start-up offers DIY solution to cut cost

Field Notes, powered by KPMG, is a weekly news update on news nationally and globally from the agri-food sector.

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Ian Proudfoot

Global Head of Agribusiness, Partner - Audit

KPMG in New Zealand

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lab-grown

[18 May, Oliver Morrison, Food Navigator]

Israeli start-up Future Meat Technologies plans to sell grow-your-own cell-based meat to food companies in order to make cultured meat more accessible and affordable at both retail and consumer levels. The start-up plans to sell its blend to food manufacturers by the first quarter of 2021. Future Meat Technologies has backing from big meat companies such as Tyson Foods, JBS, Cargill and Smithfield Foods. Chief Executive Rom Kshuk states that they aim to reduce the cost of cultured meat, by helping others to create the products. The method they use, also allows for products that are non-GMO.

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