Bunge Introduces Certified Transitional Corn Ingredients at Natural Products Expo West

Bunge North America, the North American operating arm of Bunge Limited (NYSE: BG), announced that it is now offering Certified Transitional dry milled corn ingredients, a step designed to help meet the growing demand for organic products. Customers can learn more about these products at Bunge’s booth (N2136) at the annual Natural Products Expo West 2018 in Anaheim, California March 8-11, 2018.

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Certified Transitional supports farmers transitioning to certified organic and helps create a more s ...

Certified Transitional supports farmers transitioning to certified organic and helps create a more scalable and reliable future supply of organic corn. (Photo: Business Wire)

According to Nielsen, organic corn-based foods and meat is approximately a $2 billion retail market with over 10% annual growth for the past three years. In addition, Certified Transitional product retail dollars sales have grown 5-fold over the past year versus the prior year.

While farmers are interested in serving the growing organic market, many don’t participate because the process to achieve organic certification takes three years and can be cost prohibitive. During this period, they have not been able to capture the premium for selling organically farmed corn.

“The Certified Transitional market gives farmers an opportunity to sell this corn at a premium to conventional during their shift to certified organic, incentivizing them to make the move into organic farming,” said Gregg Christensen, vice president, sales, Bunge Milling. “Bunge is taking the lead in corn by connecting farmers with food manufacturers who are interested in Certified Transitional products as a way of building a more scalable and reliable future supply of organic products.”

All of Bunge’s Certified Transitional corn ingredients are made from U.S. grown transitional corn certified by Quality Assurance International (QAI), a USDA-accredited organic certification body known for its strong association with organic food. This product offering adds to our USDA Certified Organic corn, corn masa, rice, and soybean oil; as well as our Non-GMO Project Verified corn, stone ground ancient grains, rice, sunflower, canola, and soybean oils.

“Bunge is a leader at providing more of the on-trend ingredients that consumers want—including ancient grains, organic and non-GMO corn, and a range of gluten-free grains, as well as organic, non-GMO and expeller-pressed oils—in scalable and reliable formats food manufacturers need,” said Mark Stavro, senior director, marketing, Bunge North America. “Thanks to our robust supply chain and long-standing network of farmers—including those progressing to certified organic—Bunge is uniquely positioned to provide a reliable supply of Certified Transitional corn ingredients to compliment the rest of our USDA Certified Organic and Non-GMO Project Verified grains and oils portfolio.”

About Bunge North America

Bunge North America (www.bungenorthamerica.com), the North American operating arm of Bunge Limited (NYSE: BG), is a vertically integrated food and feed ingredient company, supplying raw and processed agricultural commodities and specialized food ingredients to a wide range of customers in the animal feed, food processor, foodservice and bakery industries. With headquarters in St. Louis, Missouri, Bunge North America and its subsidiaries operate grain elevators, oilseed processing plants, edible oil refineries and packaging facilities, and corn, wheat and rice mills in the U.S., Canada and Mexico.

About Bunge Limited

Bunge Limited (www.bunge.com, NYSE: BG) is a leading global agribusiness and food company operating in over 40 countries with approximately 32,000 employees. Bunge buys, sells, stores and transports oilseeds and grains to serve customers worldwide; processes oilseeds to make protein meal for animal feed and edible oil products for commercial customers and consumers; produces sugar and ethanol from sugarcane; mills wheat, corn and rice to make ingredients used by food companies; and sells fertilizer in South America. Founded in 1818, the company is headquartered in White Plains, New York.

Cautionary Statement Concerning Forward-Looking Statements

This press release contains both historical and forward-looking statements. All statements, other than statements of historical fact are, or may be deemed to be, forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements are not based on historical facts, but rather reflect our current expectations and projections about our future results, performance, prospects and opportunities. We have tried to identify these forward-looking statements by using words including “may,” “will,” “should,” “could,” “expect,” “anticipate,” “believe,” “plan,” “intend,” “estimate,” “continue” and similar expressions. These forward-looking statements are subject to a number of risks, uncertainties and other factors that could cause our actual results, performance, prospects or opportunities to differ materially from those expressed in, or implied by, these forward-looking statements. The following important factors, among others, could affect our business and financial performance: industry conditions, including fluctuations in supply, demand and prices for agricultural commodities and other raw materials and products used in our business; fluctuations in energy and freight costs and competitive developments in our industries; the effects of weather conditions and the outbreak of crop and animal disease on our business; global and regional agricultural, economic, financial and commodities market, political, social and health conditions; the outcome of pending regulatory and legal proceedings; our ability to complete, integrate and benefit from acquisitions, dispositions, joint ventures and strategic alliances; our ability to achieve the efficiencies, savings and other benefits anticipated from our cost reduction, margin improvement and other business optimization initiatives; changes in government policies, laws and regulations affecting our business, including agricultural and trade policies, tax regulations and biofuels legislation; and other factors affecting our business generally. The forward-looking statements included in this release are made only as of the date of this release, and except as otherwise required by federal securities law, we do not have any obligation to publicly update or revise any forward-looking statements to reflect subsequent events or circumstances.

Contacts:

Bunge North America
Public Affairs
Deb Seidel, 314-292-2000

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