Beyond Meat Supplier Warns of Higher Pea Protein Prices
- Roquette says costs will be transferred to customers
- Bad weather has hit pea production in Canada and Europe
Yellow peas at a pea protein processing facility in Dawson, Minnesota.
Photographer: Ben Brewer/BloombergThis article is for subscribers only.
A supplier to Beyond Meat Inc. said consumers of plant proteins should brace for higher prices following a spike in pea costs.
Peas are a key ingredient in some alternative proteins, where demand is growing. At the same time, European pea supply was hurt by adverse weather, while a drought in Canada cut pea output there by 45%, causing prices to more than double from last year, France’s Roquette Freres SA said.