The soybean industry successfully passed the final regulatory measure to secure global approval for trade of high oleic soybeans upon receiving the European Commission’s authorization on Dec. 22, 2017 to use the stacked traits found in Pioneer brand Plenish high oleic soybeans for food and feed. This monumental decision, combined with final global approval Monsanto’s Vistive Gold high oleic soybeans received upon China’s authorization of importation in June 2017, increases the reliability of supply of high oleic soy for the food industry.
“Obtaining full global regulatory approval is key for the entire soybean value chain, as it will boost Plenish and Vistive Gold soybean acreage,” said Richard Galloway, QUALISOY oils expert. “This will allow the industry to reach its goal of planting 18 million high oleic soybean acres, resulting in 9 billion pounds of high oleic soybean oil. In the coming decade, high oleic soybeans will become the fourth-largest grain and oilseed crop in the U.S.”