Past Meat shares edge decrease amid meals security considerations (NASDAQ:BYND)

Well being points at Past Meat (NASDAQ:BYND) manufacturing amenities added to considerations swirling across the firm on Monday.

In accordance with paperwork seen by Bloomberg, a plant in Pennsylvania was wracked with “obvious mould, Listeria and different food-safety points” in the course of the first half of 2022. The report indicated that different meat produced on the plant examined constructive for Listeria “on no less than 11 events” within the first six months of the 12 months with workers additionally confirming the presence of micro organism and unsafe tools use at firm amenities.

To make sure, the corporate has not been sanctioned by meals security regulators, not has it been discovered to foster unsafe working situations in third occasion audits. The Pennsylvania Division of Agriculture final visited the ability in late September, however Bloomberg reported that this was not a security inspection. As an alternative, the state company was inquiring as to the plant’s unpaid registration. The FDA has but to examine this particular plant.

Listeria, for instance, could be killed by warmth, with an inner temperature of 165 levels fahrenheit really helpful by regulators. The USDA lately warned shoppers on the chance for micro organism on plant-based meals based mostly upon misguided shopper perceptions.

“Many shoppers imagine that plant-based meals are minimally processed, extra healthful, and nutritionally superior to in any other case related animal-based counterparts,” John Luchansky, lead scientist on the Agricultural Analysis Service’s Meals Security and Intervention Applied sciences Analysis unit, mentioned in a current interview.

He indicated that this perception is mistaken, as crops can also harbor pathogens and must be cooked to related ranges as uncooked floor beef.

Shares of Past Meat (BYND) fell 2.08% in afternoon buying and selling on Monday, extending about an 80% decline for the inventory year-to-date.

Learn extra on the corporate’s newest earnings end result.