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DUPONT PIONEER, ADM ANNOUNCE 2013 PLENISH HIGH OLEIC SOY CONTRACT PROGRAM
Sep. 10, 2012
American Soybean Association (ASA) reports:
DuPont Pioneer and Archer Daniels Midland Company (ADM) announced that ADM will contract for Plenish™ high oleic soybeans in 2013 with the intention of marketing the high oleic soybean oil for use by the food industry in 2014.
ADM will contract with soybean growers in the Frankfort, Ind. area to produce Plenish high oleic soybeans for the 2013 growing season. Farmers will receive a processor-paid incentive for producing and delivering these soybeans.
Plenish high oleic soybeans contain the highest oleic content (more than 75 percent) of any soybean product under commercial development. This significantly increases the stability of the oil and provides greater flexibility in food applications. Plenish high oleic soybean oil has 0g trans fat per serving, making it an attractive ingredient for consumer food products.
Plenish high oleic soybeans are approaching completion of global regulatory approvals with over 94 percent of U.S. soybean export markets now approved. The U.S. Department of Agriculture deregulated Plenish high oleic soybeans in June 2010.
Processing of the 2013 production is anticipated to occur in 2014 following global regulatory approvals.
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