New Zealand’s red meat industry is weighing launching a trading platform, interest.co.nz reports. The industry is seeking to set benchmark prices for commodity products.

Initially, the group will draft a discussion paper on an online trading platform for lower-value meat commodities and co-products. The Meat Industry Association’s Renderers’ Group of 19 companies is reviewing new applications in emerging markets, including replacement of higher-value protein and lipid inputs.

Click here for the story from interest.co.nz.