Des Moines, Iowa and St. Louis,
Missouri
February 24, 2005
Soybean acres available for low
linolenic soybean contracting through
Bunge, in
connection with the Bunge DuPont Biotech Alliance, will be
expanded to include an estimated 200,000 acres in 2006 and
550,000 acres
in 2007.
In addition, growers will be able to choose from
a growing lineup of low linolenic soybean varieties from
Pioneer Hi-Bred International,
Inc. – two Pioneer brand soybean
varieties in 2006 and up to six in 2007.
This program, begun on a limited
basis in Iowa and Ohio in 2005, offers premiums to growers who
grow Pioneer low linolenic soybeans designed for healthier oils
in the food industry. Contracts will be offered through Bunge
North America at local participating elevators. The expanded
acres and elevators will primarily be in Iowa and Ohio.
"We expect the market for low
linolenic soybeans to expand further in the future," says Marv
Wilson, Pioneer soybean marketing director. "We're able to
increase the number of soybean varieties for this marketplace
because we've been working on developing these soybeans with
improved oil since 1991 and can provide growers with the
complete genetic package needed for their production demands."
When elevators are announced in
these regions, growers can sign up at the participating
facilities and purchase low linolenic soybeans from their local
Pioneer seed representatives. Participating growers must provide
the grain to elevators within an identity-preserved system.
Premium payments to growers for 2006 and 2007 have not yet been
set and will be determined closer to contracting time.
The oil produced from these low linolenic soybean
varieties enables food service providers and food processors to
reduce or eliminate trans fatty acids in their products. The oil
is marketed as NUTRIUM™
Low Lin Soybean Oil. This is the first product sold under the
NUTRIUM brand, created as a part of the alliance between Bunge
and DuPont, the parent company of Pioneer.
"Several customers are showing
strong interest in NUTRIUM Low Lin oil as they look to reduce or
eliminate trans fat in their products," says Dick Goodman,
senior vice president and general manager, Bunge Oils. "We are
committed to being a leading innovator in food oils, and our
alliance with DuPont is important to ensuring that our customers
have the best products to meet their needs."
NUTRIUM Low Lin oil has a low
linolenic acid profile of less than 3 percent, offering better
natural oil stability and increased shelf life. When used in
frying, low linolenic oil eliminates the need for partial
hydrogenation. The industry has been looking for alternative
oils because the U.S. Food and Drug Administration will require
the inclusion of trans fats on food nutrition labels in 2006.
By the end of the decade, Bunge
expects to approach full-scale commercial availability at nearly
one billion pounds of low lin oil for the food industry.
The Bunge DuPont Biotech Alliance
was formed to continue research and commercialize value-added
soybean output traits developed through DuPont and Pioneer
soybean research and marketed to the food industry through Bunge
North America.
Bunge North America, the North
American operating arm of Bunge Limited (NYSE: BG), is a
vertically integrated food and feed ingredient company,
supplying raw and processed agricultural commodities and
specialized food ingredients to a wide range of customers in the
livestock, poultry, food processor, foodservice and bakery
industries. With headquarters in St. Louis, Mo., Bunge North
America and its subsidiaries operate grain elevators, grain and
oilseed processing plants, edible oil refineries and packaging
facilities in the U.S., Canada and Mexico.
Pioneer Hi-Bred International,
Inc., a subsidiary of DuPont, is the world’s leading source of
customized solutions for farmers, livestock producers and grain
and oilseed processors. With headquarters in Des Moines, Iowa,
Pioneer provides access to advanced plant genetics, crop
protection solutions and quality crop systems to customers in
nearly 70 countries. DuPont is a science company. Founded in
1802, DuPont puts science to work by creating sustainable
solutions essential to a better, safer, healthier life for
people everywhere. Operating in more than 70 countries, DuPont
offers a wide range of innovative products and services for
markets including agriculture, nutrition, electronics,
communications, safety and protection, home and construction,
transportation and apparel.
®, ™
Trademarks of Pioneer Hi-Bred International, Inc. |