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DuPont Pioneer Announces Plans to Significantly Increase Pioneer® Brand Plenish®^ High Oleic Soybean Contract Acres in NE Indiana and NW Ohio


DES MOINES, Iowa, Aug. 31, 2015 – DuPont Pioneer announced today it will more than double acreage of Pioneer® brand soybeans with the Plenish® high oleic trait in northeast Indiana and northwest Ohio for 2016.

For the 2016 growing season, soybean farmers around Delphos, Ohio, Decatur, Ind., and Bellevue, Ohio, will have the opportunity to grow Plenish® high oleic soybeans for delivery to a participating elevator or directly to designated Bunge North America facilities for processing. Growers will be eligible for a processor-paid incentive for producing and delivering the Plenish® high oleic soybeans. The 2016 contract program will support rapidly growing demand for Plenish® high oleic soybean oil with Bunge’s food and industrial products customers.

“For several years now, Ohio and northeast Indiana growers have successfully grown Plenish® high oleic soybean varieties,” said Randy Minton, DuPont Pioneer business director. “This solid performance in the field, combined with the added profit opportunity with grower premiums, makes participation in this program an attractive decision for growers. Increasing Plenish® high oleic soybean acres for 2016 comes at a good time for our soybean customers considering the challenges they face with lower soybean prices.”

“We are pleased to be working with DuPont Pioneer and our farmer customers in Ohio and Indiana to increase production of Plenish® high oleic soybean oil. It’s a product our oil customers are demanding as a result of its superior functionality and improved nutrition profile,” said Tim Gallagher, executive vice president, Bunge North America.

The development and commercialization of Plenish® high oleic soybean oil is a significant milestone for DuPont Pioneer to bring product innovation to the food industry. It’s an example of how biotechnology is being used to develop products with direct food industry and consumer benefit. 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 percent less saturated fat than commodity soybean oil, making it a more attractive ingredient for health conscious consumers of food products.

The high oleic soybean varieties are developed by DuPont Pioneer using its elite genetics and cutting-edge technologies. Field testing has confirmed yields on par with elite commercial products, providing growers with added incentive to grow Plenish® high oleic soybeans.

Pioneer has obtained regulatory approvals for Plenish® high oleic soybeans in a number of key U.S. soybean export markets and approvals are pending in additional export markets.

Bunge North America (www.bungenorthamerica.com), 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, oilseed processing plants, edible oil refineries and packaging facilities, and mills in the U.S., Canada and Mexico.

DuPont Pioneer (www.pioneer.com) is the world's leading developer and supplier of advanced plant genetics, providing high-quality seeds to farmers in more than 90 countries. Pioneer provides agronomic support and services to help increase farmer productivity and profitability and strives to develop sustainable agricultural systems for people everywhere. Science with Service Delivering Success®. For more information on Plenish® high oleic soybeans visit www.plenish.com.

DuPont (NYSE: DD) has been bringing world-class science and engineering to the global marketplace in the form of innovative products, materials, and services since 1802. The company believes that by collaborating with customers, governments, NGOs, and thought leaders we can help find solutions to such global challenges as providing enough healthy food for people everywhere, decreasing dependence on fossil fuels, and protecting life and the environment. For additional information about DuPont and its commitment to inclusive innovation, please visit http://www.dupont.com.

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8/31/15

Contacts:    DuPont Pioneer
Jane Slusark
515-535-0164
Jane.Slusark@pioneer.com
    Bunge Corporate Affairs
314-292-2000
 

The DuPont Oval Logo, DuPont™, Pioneer®, Plenish® and Science with Service Delivering Success® are registered trademarks or trademarks of DuPont or its affiliates.

EXPORT APPROVAL NOTICE: This product is fully approved in the United States and Canada. Traits included in these products may or may not be approved in all global markets; therefore, the combination of these traits and the grain and certain by-products (including oil, dried distillers grain, cobs, and husks) from THESE PRODUCTS MAY NOT BE APPROVED for all markets. Growers that use this product are required and agree to adhere to the stewardship requirements as outlined in the Pioneer Product Use Guide and product-specific Stewardship Requirements for this product, which include specific grain disposition requirements. For questions regarding product stewardship and biotech traits please contact your sales representative or refer to www.pioneer.com/stewardship. Growers are required to discuss trait acceptance and grain channeling policies with their local grain handler prior to delivering grain containing biotech traits.