Raphael Carmo · Managing Partner, 4D World From carcass to container: the rendering process Key Takeaways ▸ Rendering turns material no one will eat into two tradable products: fat and meal. ▸ Raw material is graded and kept separate by category; CAT 3 never mixes down. ▸ Cooking drives off ... Rendering Sustainability 27 juin 2026
Raphael Carmo · Managing Partner, 4D World Umami for dogs: the science of palatants Key Takeaways ▸ A palatant is a flavour system built from real animal protein and sprayed on kibble. ▸ Extruded kibble comes out essentially flavourless; the palatant is applied last. ▸ Enzymatic hydr... Innovation Pet Food 26 juin 2026
Raphael Carmo · Managing Partner, 4D World Reading the rendering giant Key Takeaways ▸ Darling Ingredients posted Q1 2026 net income of $134.3 million. ▸ That reversed a $26.2 million loss a year earlier, on $1.6 billion of sales. ▸ Combined adjusted EBITDA reached $406.... Prices & Markets Rendering United States 25 juin 2026
Raphael Carmo · Managing Partner, 4D World Australia's China cliff — a lesson for Brazil Key Takeaways ▸ Australia's grainfed beef to China fell 71% to 7,814 tonnes in June 2026. ▸ The drop followed a 205,000-tonne China quota triggering in early June. ▸ A 55% surcharge went live on out-o... China Trade Policy 24 juin 2026
Raphael Carmo · Managing Partner, 4D World What Nestlé's numbers say about pet demand Key Takeaways ▸ Nestle's H1 2026 Petcare sales reached CHF 8.9 billion, about $10.9 billion. ▸ Organic growth was 2.7%: real internal growth of 1.8% plus pricing of 0.9%. ▸ Pro Plan, ONE and Felix bra... Europe Pet Food Prices & Markets 23 juin 2026
Raphael Carmo · Managing Partner, 4D World Santos breaks a container record Key Takeaways ▸ The Port of Santos topped 500,000 TEU in a single month for the first time. ▸ The record came in May 2026, lifting the January-May tally to 2.4 million TEU. ▸ Total cargo reached 75.65... Brazil Logistics & Shipping Prices & Markets 22 juin 2026
Raphael Carmo · Managing Partner, 4D World The Philippines' protein gap Key Takeaways ▸ Philippine meat imports rose 12% to 872,274 tonnes in the first half of 2026. ▸ Pork led at 455,381 tonnes, chicken 291,497 tonnes, and beef 95,769 tonnes. ▸ Brazil supplied roughly 42... Food Pet Food Southeast Asia 21 juin 2026
Raphael Carmo · Managing Partner, 4D World Who owns the production date? The Cycle-2 shelf-life edge Key Takeaways ▸ A Cycle-2 (beneficiamento) plant lawfully stamps its own production date on finished product. ▸ Re-processing resets the shelf-life clock from the plant's line, not a supplier's date. ... Food Nutre Meat Regulation 20 juin 2026
Raphael Carmo · Managing Partner, 4D World The word 'protein' turns 187 Key Takeaways ▸ The word 'protein' was coined in 1838 by Swedish chemist Jons Jacob Berzelius. ▸ Dutch chemist Gerardus Mulder popularised the term the following year, in 1839. ▸ It derives from the G... Food Innovation 19 juin 2026
Raphael Carmo · Managing Partner, 4D World Blood, plasma & the protein you never see Key Takeaways ▸ Slaughterhouse blood yields two products: spray-dried plasma and blood meal. ▸ Plasma is the premium fraction, valued for its bioactive proteins. ▸ Blood meal is a dense, high-lysine p... Pet Food Prices & Markets Rendering 18 juin 2026
Raphael Carmo · Managing Partner, 4D World The reefer-rate rollercoaster Key Takeaways ▸ Drewry's composite World Container Index sits near US$4,547 per FEU in mid-July. ▸ That is the highest reading since September 2024, after touching $4,639. ▸ Shanghai-Rotterdam runs at... Logistics & Shipping Trade Policy 17 juin 2026
Raphael Carmo · Managing Partner, 4D World Purina's half-billion bet on Italy Key Takeaways ▸ Nestle Purina is investing CHF 520 million in a new Mantova, Italy plant. ▸ The plant is dedicated to super-premium wet lines for cats and dogs. ▸ Production is slated to begin in 2029... Europe Innovation Pet Food Prices & Markets 16 juin 2026
