DuPont Pioneer, a unit of DowDuPont Agricultural Division, has expanded the US contracting programme for its Plenish brand high oleic soyabeans for the 2018 growing season.
The company said in a 29 November statement that farmers would have additional acres available for production contracts of the soyabeans, which would be processed by Archer Daniels Midland (ADM) in Frankfort, Indiana, and a network of elevators.
Farmers who contracted with ADM to grow the GM soyabeans would receive a US¢50/bushel incentive for producing and storing them, or a US¢40/bushel premium for a harvest delivery contract to a designated elevator.
According to DuPont Pioneer, Plenish soyabean oil provided companies and food service operators with a sustainable trans fat-free oil that was also 20% lower in saturated fat than commodity soyabean oil.
The improved fatty acid profile provided the highest oxidative stability among commercially produced soyabean oils, Pioneer claimed, which led to a longer fry life in restaurant settings.
The Plenish-branded oil was introduced in August by food product distributer Performance Food Group.