OTLY - Extreme Weather Puts Strain on Dairy Cows Across The Globe Shining Spotlight on Plant-Based Alternatives
Extreme weather conditions across the globe are putting a strain on dairy cows, drying up milk production and withering crops that feed the cattle. Heat and drought in India, Australia and France threaten the long-term global dairy supply, including everything from butter to baby formula. Due to extreme weather brought on by climate change, some of the world’s largest milk-producing regions are becoming less hospitable to these animals: Cows produce less milk when stressed by high temperatures, and arid conditions and storms exacerbate the problem by withering or destroying the crops they eat. Some scientists predict climate change will cost the dairy industry around $2.2 billion per year by the end of the century in the United States alone. Luckily, companies like The Planting Hope Company Inc ( TSXV:MYLK ) ( OTCQB:MYLKF ), Hain Celestial Group, Inc. ( NASDAQ:HAIN ), Oatly Group AB ( NASDAQ:OTLY ), SunOpta Inc. ( NASDAQ:STKL ) and Danone ( OTC:DANOY ) have developed plant-based alter...
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