St. Louis, Missouri
October 4, 2004
Monsanto
and
Cargill, Inc. announced today that Cargill will be a participating processor of
Monsanto’s VISTIVE™ low-linolenic soybeans and will market
VISTIVE oil for use by the food industry. VISTIVE
low-linolenic soybeans, introduced in September by
Monsanto, will reduce the need for partial hydrogenation of
soybean oil, helping food companies reduce the presence of trans
fatty acids (trans fats) in their products.
For the 2005
growing season, Cargill will be contracting with Iowa growers
for up to 50,000 acres of VISTIVE soybean production. Cargill
will pay a premium to producers who grow VISTIVE soybeans under
contract, then it will crush and sell the processed soybean oil
to food companies.
VISTIVE
soybeans, developed through conventional breeding, contain less
than three percent linolenic acid as compared to the typical
eight percent level found in traditional soybeans. The result
is a more stable soybean oil, with less need for hydrogenation.
Because soybeans with a lower linolenic acid level reduce the
need for partial hydrogenation, their application in processed
soybean oils will reduce the presence of trans fats in processed
soybean oil.
The
development of VISTIVE is significant because, beginning Jan. 1,
2006, all food products and dietary supplements bearing a
nutritional facts panel that are regulated by the U.S. Food and
Drug Administration and sold in the United States will be
required to list trans fat content.
“Given demand
for alternatives to foods containing trans fats, our entire
industry has been diligently pursuing development of new
approaches,” said Stan Ryan, President of Cargill’s Dressings,
Sauces & Oils business. “VISTIVE soybeans represent another
innovative approach to addressing the trans
fat issue, and we are excited to be part of that solution.”
“We are very pleased to partner with an industry leader like Cargill to
ensure a successful launch of new VISTIVE soybeans,” said Kerry
Preete, Vice President of U.S. Crop Production for Monsanto.
“VISTIVE not only supports growing consumer demand for healthier
foods, but also represents an important investment in the future
success of the
U.S. soybean
industry.”
VISTIVE
soybeans have
the Roundup Ready® trait and maintain performance
parity with leading soybean varieties. For 2005, VISTIVE will
be available in Monsanto’s Asgrow® brand.
Cargill will
process VISTIVE soybeans at its facilities in Iowa Falls, Cedar
Rapids and Des Moines, Iowa. Jim Sutter, Vice President of
Cargill’s North American grain and oilseed processing business,
explained that Iowa producers participating in the 2005 VISTIVE
program will reap the benefits of growing a higher-quality
soybean in a region highly accessible to processing facilities.
“Producers are constantly looking for ways to capture additional value
for their crops,” said Sutter. “VISTIVE will enable producers
to get paid a premium and participate in a process that moves
soybeans higher up the value chain in today’s market.”
Specific information regarding grower opportunities and contract
details will be available in the near future.
Cargill, Incorporated is an international provider of food,
agricultural and risk-management products and services. With
101,000 employees in 59 countries, the company is committed to
using its knowledge and experience to collaborate with customers
to help them succeed.
Monsanto Company is a leading global provider of
technology-based solutions and agricultural products that
improve farm productivity and food quality.
Asgrow®,
Roundup Ready®
and VISTIVE™ are trademarks of Monsanto Technology LLC. |