October 23, 2012
By 2013, DuPont Pioneer and Bunge North America will work with farmers near Bunge's facility in Delphos, Ohio, to grow Plenish® high oleic soy.
For the 2013 growing season, Pioneer will contract with soy farmers in the Delphos, Ohio area to grow Plenish® high oleic soy that will be delivered to Bunge's facility for processing or to a participating elevator. Growers will be eligible for a processor-paid incentive for producing and delivering high oleic soy. Interest from the market continues to be excellent and the 2013 contract programme will support on-going field and oil testing.
"Ohio soy growers have demonstrated their ability to produce identity preserved soy. The 2013 contract programme will provide them an opportunity to earn more income per bushel and strengthen market demand for the soy industry," said Randy Minton, Pioneer business director.
"We are pleased to be working closely with Pioneer and our farmer customers near Delphos to bring innovative products to market to meet the evolving demand of food manufacturers and consumers," said Rodney Perry, vice president and general manager, Bunge Oils.
The development of Plenish® high oleic soyoil 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 soyoil provides a soy-based trans fat alternative for food companies and foodservice operators. Plenish® high oleic soy from Pioneer contains the highest oleic content (more than 75%) of any soy product under commercial development. The high oleic content significantly increases the stability of the oil and provides greater flexibility in food applications. Plenish® high oleic soyoil has 0 gram trans fat per serving and 20% less saturated fat than commodity soyoil, making it a more attractive ingredient for consumer food products.
The Pioneer high oleic soy trait is part of the total soy performance package powered by the industry-leading Accelerated Yield Technology (AYTâ„¢) system. Field testing has confirmed yields on par with elite commercial products.
Plenish® high oleic soys are approaching completion of global regulatory approvals with over 94% of US soy export markets now approved. The US Food and Drug Administration (FDA) completed its review of Plenish® high oleic soy in 2009 and the USDA deregulation in June 2010 allows Plenish® high oleic soy to be grown under contract for on-going field testing in the US and additional oil testing by major oil processors and food companies. Processing of the 2013 production is anticipated to occur in 2014 following global regulatory approvals.
