DuPont Pioneer and Cargill in 2015 will work with farmers near Cargill's facility in Sidney, Ohio, to grow Pioneer® brand soybeans with the Plenish high oleic trait.
Cargill will contract with soybean farmers in the Sidney, Ohio, area to grow Plenish high oleic soybeans that will be delivered to a participating elevator or directly to Cargill for processing. Growers will be eligible for a processor-paid incentive for producing and delivering high oleic soybeans.
Industry interest in Plenish high oleic soybean oil from food and industrial product companies is growing and Cargill's involvement in the 2015 contract program will provide even greater market momentum, DuPont Pioneer said.
"This 2015 Plenish high oleic soybean contracting program with Cargill will provide an opportunity for growers to earn more income per bushel and strengthen long-term market demand for the soybean industry," said Randy Minton, DuPont Pioneer business director.
Jeff Kazin, vice president of oils trading for Cargill, said the Plenish program aligns with Cargill's goal of helping farmers prosper and providing innovative solutions for food customers.
"We look forward to working with DuPont Pioneer to better serve the total supply chain, from farmers to consumers, to create greater value for all," he said.
The development and commercialization of Plenish high oleic soybean oil is a significant milestone for DuPont Pioneer in its efforts to bring product innovation to the soybean value chain, the company said, and is an important example of how biotech is being used to develop products that benefit the food industry and consumers.
DuPont Pioneer says the oil's improved fatty acid profile provides a soy-based trans fat alternative for food companies and foodservice operators. Its enhanced stability provides longer frying life in restaurant applications and longer shelf life in packaged food products.
From a health and nutrition perspective, Plenish high oleic soybean oil has 0g trans fat per serving and 20% less saturated fat than commodity soybean oil, making it a more attractive ingredient for health-conscious consumers of food products.
For more information, visit the Plenish website.
Source: DuPont Pioneer