Des Moines, Iowa, USA
November 19, 2012
DuPont Pioneer and Cargill announced today they will work with farmers near Cargill's facility in Sidney, Ohio, to grow Plenish® high oleic soybeans in 2013.
For the 2013 growing season, Cargill will contract with soybean farmers in the Sidney, Ohio, area to grow Plenish® high oleic soybeans that will be delivered to Cargill's soybean facility for processing (on-farm storage with buyer's call). Growers will be eligible for a processor-paid incentive for producing and delivering high oleic soybeans. Interest in Plenish® high oleic soybean oil from food companies continues to be strong and the 2013 Cargill contract program will support ongoing market development activity.
"Ohio soybean growers have always been leaders in adopting new technology to add value to their soybean production. This 2013 Plenish® high oleic soybean contracting program with Cargill will provide them an opportunity to improve their own bottom line through extra income per bushel and to strengthen market demand for the soybean industry," said Randy Minton, DuPont Pioneer business director.
"The demands of the global market place require constant innovation. The Plenish® program aligns with Cargill's stated goal of helping farmers prosper and providing innovative solutions for our food customers. We look forward to working with DuPont Pioneer in linking the supply chain to create greater value for all," said Jeff Kazin, vice president of oils trading for Cargill.
The development of Plenish® high oleic soybean oil is an important milestone for Pioneer in its efforts to bring product innovation to the food industry and complements solutions offered by DuPont Nutrition & Health to address the world's challenges in food. High oleic soybean oil provides a soy-based trans fat alternative for food companies and foodservice operators. Plenish® high oleic soybeans from Pioneer contain the highest oleic content (more than 75 percent) of any soybean product under commercial development. This improvement in the oil profile brings a dramatic increase to the stability of the oil, resulting in longer shelf life in packaged foods, and greater fry life for foodservice operators. From a health and nutrition standpoint, Plenish® high oleic soybean oil has 0g trans fat per serving and 20 percent less saturated fat than commodity soybean oil, making it a more attractive ingredient for consumer food products.
The Pioneer high oleic soybean trait is part of the total soybean performance package powered by the Pioneer proprietary Accelerated Yield Technology (AYT™) system. Field testing has confirmed yields on par with elite commercial products. Plenish® high oleic soybeans are approaching completion of global regulatory approvals with over 96 percent of U.S. soybean export markets now approved, including China, Japan, Mexico and many other countries. The U.S. Food and Drug Administration (FDA) completed its review of Plenish® high oleic soybeans in 2009 and the U.S. Department of Agriculture deregulation in June 2010 allows Plenish® high oleic soybeans to be grown under contract for ongoing field testing in the United States and additional oil testing by major oil processors and food companies.
For more information on Plenish high oleic soybeans visit www.plenish.com
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