Impossible Foods cuts prices of soy-based meat for the second time in four weeks to make alternative meat affordable

//Impossible Foods cuts prices of soy-based meat for the second time in four weeks to make alternative meat affordable

Impossible Foods cuts prices of soy-based meat for the second time in four weeks to make alternative meat affordable

Impossible Foods, the California-based producer of plant-based meat that counts Hong Kong tycoon Li Ka-shing as an investor, has announced a 20 per cent price cut after achieving economies of scale.An Impossible Burger patty will retail for US$5.49, while a 12-ounce burger will sell for US$6.99, according to the company, based in Redwood City, California.The company is encouraging its network of 17,000 grocery stores, supermarkets and retailers in Canada, Singapore and Hong Kong to cut prices…

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By | 2021-02-02T14:45:16+00:00 February 2nd, 2021|Business|Comments Off on Impossible Foods cuts prices of soy-based meat for the second time in four weeks to make alternative meat affordable