Soybean acres available for low-linolenic soybean contracting through Bunge, in connection with the Bunge DuPont Biotech Alliance, will be expanded to include an estimated 200,000 acres in 2006 and 550,000 acres in 2007.

In addition, growers will be able to choose from a growing lineup of low-linolenic soybean varieties from Pioneer Hi-Bred International, Inc. -- two Pioneer-brand soybean varieties in 2006 and up to six in 2007. This program, begun on a limited basis in Iowa and Ohio in 2005, offers premiums to growers who grow Pioneer low-linolenic soybeans designed for healthier oils in the food industry. Contracts will be offered through Bunge North America at local participating elevators. The expanded acres and elevators will primarily be in Iowa and Ohio.

"We expect the market for low-linolenic soybeans to expand further in the future," says Marv Wilson, Pioneer soybean marketing director. "We're able to increase the number of soybean varieties for this marketplace because we've been working on developing these soybeans with improved oil since 1991 and can provide growers with the complete genetic package needed for their production demands."

The industry has been looking for alternative oils because the U.S. Food and Drug Administration will require the inclusion of trans fats on food nutrition labels in 2006. The oil produced from these low-linolenic soybean varieties enables food service providers and food processors to reduce or eliminate trans fatty acids in their products. The oil is marketed as NUTRIUM Low Lin Soybean Oil.

By the end of the decade, Bunge expects to approach full-scale commercial availability at nearly one billion pounds of low lin oil for the food industry.

Source: Company Release