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Stock impact report

KFC to sell plant-based fried chicken made by Cargill in China [Reuters]

Beyond Meat, Inc. - Common stock (BYND) 
Last beyond meat, inc. - common stock earnings: 2/27 04:05 pm Check Earnings Report
Company Research Source: Reuters
KFC to sell plant-based fried chicken made by Cargill in China BEIJING (Reuters) - Yum China’s ( YUMC.N ) KFC fast food chain will begin selling plant-based fried chicken for the first time in China over a limited time period, it said on Monday. The nuggets will be supplied by U.S. agribusiness Cargill Ltd [CARGIL.UL] and will be sold at only three outlets in China in Shanghai and the southern cities of Guangzhou and Shenzhen between April 28-30, KFC said on its official Weibo account. Customers who would like to try a bite must purchase a pre-sale coupon, it said. One serving comprises of five chicken pieces and will be sold for 1.99 yuan. The move comes amid growing global interest in China’s meat substitute industry, which has been identified by both U.S. players Impossible Foods and Beyond Meat ( BYND.O ) as a key target market. The coronavirus outbreak is also threatening China’s poultry production. Yum Brands Inc’s ( YUM.N ) KFC started offering plant-based fried chicken s Show less Read more
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