RFF (ASX) Balanced Discussion of Risks

Originally posted by Jultorsk: ↑

The young generation moving to veganism/vegetarianism in the West is dwarfed by the growth of meat eating middle class in China & developing markets. Chooks are inexpensive protein and will continue in high demand as well. If Australia does not produce meat for export, it will just be produced elsewhere in the world (where regulation is less stringent and animal welfare is less of a concern - in the latest RFF investor newsletter there's some ponderings by Bryant why this matters).

From OECD data consider this:
- World population will still grow by around 74 million people per year by 2027. Most of this growth occursin Sub-Saharan Africa and India, as well as the Middle East and North Africa.
- At a global level, total consumption of meat and fish is expected to increase by 15% over the outlook period [ten years, to 2027], while per capita consumption of meat and fish rises by only 3%, with stark variations across regions. The strongest growth in total consumption is expected in Sub-Saharan Africa (+28%), although this reflects exclusively the impact of population growth; per capita consumption is expected to decline by 3%. By contrast, per capita consumption growth is higher in India (+12%, albeit from a low base) and China (+13%).
- The past decade saw strong growth in the global per capita consumption of poultry (+16%), while the per capita consumption of beef and veal decreased by almost 5% between 2008 and 2017. For the coming decade, per capita consumption of poultry (typically the least expensive meat) is expected to increase by 5.5%, while beef and veal is projected to recover, with growth of 3.5% over the next decade, notably in China. Per capita pigmeat consumption will be flat at the global level, but growth is expected to be strong in regions and countries where pork is popular, such as Latin America and the Philippines, Thailand and Viet Nam. The role of China in global pork consumption growth is anticipated to diminish due to an already-high level of per capita consumption. Whereas China accounted for 65% of the increase in the previous decade, it will only contribute 45% of the expansion in the next ten years. Sheepmeat will remain a niche market in most countries, despite per capita consumption growth of 8% over the next ten years, concentrated mostly in China and other Asian countries as diets in the region diversify.

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Good analysis and whilst I agree that people want to eat meat if CC is real and RFF did a big report on it, then you need to come to terms that the meat/dairy industry is a big polluter. (https://www.theguardian.com/commentisfree/2017/nov/07/big-meat-big-dairy-carbon-emmissions-exxon-mobil).

Originally posted by canonman: ↑

I disagree. Meat is here to stay despite what some young people think about meat.
How can meat be animal free ? It's not meat then.

Meat has been and will always be the staple in diet since the start. Humans require meat as part of their nutritional needs.
We have teeth designed to eat meat with. The properties of meat are a perfect fit for humans nutrition.

The impossible burger has all sorts of nasties in it. Starting with the bread, then the wheat and potato. Way too much carb and no real proteins of value.
The real kicker is though, why do they want to call it meat? Why do vegos try to copy meat? It should be named something else because its not meat.

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I don't think there is nastys from my own research it's just plant based protein and heme. Further from Wikipedia
"The company said that its scientists created a chemical library of proteins and fats derived from plants, and experimented with them as additional ingredients to mimic the texture of meat.^[23] To replicate the fat in hamburgers made from cows, Impossible Foods used flecks of coconut fat, which were mixed with ground textured wheat and potato protein. The potato protein provides a firm exterior when the "meat" is seared.^[24] The coconut oil stayed solid until heated, when it melted in a similar manner to beef fat.^[25]"

The reviews I have seen of it have been pretty good.

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(20min delay)
Last $2.06		Change 0.010(0.49%)		Mkt cap ! $801.2M

Open	High	Low	Value	Volume
$2.04	$2.07	$2.04	$806.1K	392.0K

Balanced Discussion of Risks, page-106

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