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Demand for high oleic soybeans is growing
Indiana soybean farmer Mike Beard says when the government required trans-fat labeling the soybean oil market lost 4 billion pounds of demand to alternative oils.
DuPont Pioneer marketing manager Andre Trepanier (trep-uh-nay) says because of their oil profile – high oleic soybeans are giving US soybean farmers a chance to regain market share.
And he says the market for high oleic soybeans is rapidly expanding.
Trepanier tells Brownfield food companies are increasing their usage of high oleic soybean oil in their products. “Probably the most visible one – if people have not noticed is liquid Coffee Mate from Nestle,” he says. “Nestle has transitioned the entire line-up of liquid Coffee Mate over the last 12 months into using Plenish oil.”
He says high oleic soybean acres have expanded dramatically. “From 2014-2015 the acres of Plenish soybeans have doubled,” he says. “From ’15-’16 we anticipate them doubling – or even more.”
To learn more about growing high oleic soybeans – tune in to our United Soybean Board High Oleic virtual Coffee Shops hosted by Brownfield’s Meghan Grebner on Monday, November 23 at 5pm Central time (6pm Eastern time) and Tuesday, November 24th at 2pm Central Time (3pm Eastern time).
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