Olive oil’s high-oleic rivals mounting

Look out olive oil. Production of high-oleic acid soybean oil is set to rise 20-fold in less than five years and biotech giants Monsanto and DuPont expect food industry demand to grow fast. Engineered to be high in the heart-healthy monounsaturated fat olive oil is famed for, nearly 50,000 tons of the new soybean oil are due to be made in the United States this year. But output is to soar to 143,000 tons next year and more than a million in 2017, with exports then exceeding 31,000 tons and 1.9 million hectares under cultivation.