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EU votes on labeling plant-based meat and dairy (NASDAQ:BYND)

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The EU is set to vote Tuesday on the labeling of merchandise like “veggie burger” and “veggie sausage,” in addition to “yogurt-style” and “cheese-like” for plant-based options to dairy merchandise.

Farming and meat lobbyists say the phrases mislead individuals and quantity to a “cultural hijacking” of the meat trade, whereas main meals corporations, together with Unilever (NYSE:UL) and Nestle (OTCPK:NSRGY), say the claims are ridiculous and contradict the bloc’s drive to assist shoppers select extra sustainable meals.

Observers say the outcome may go both means. If handed, implementation of the proposals would then be negotiated with the member state governments within the European council, with a ultimate resolution doubtlessly coming earlier than the top of the 12 months.

Nations like France have already backed the proposals and applied bans on veggie burger labeling, whereas others, like the federal government within the Netherlands, has backed using such phrases.

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