WHITE PLAINS, N.Y., July 26 /PRNewswire-FirstCall/ -- Bunge Limited (NYSE: BG) today announced the establishment of a joint venture to build and operate a soybean processing plant in Dongguan, Guangdong Province, China, with Sinograin, the Chinese state-owned grain company. Bunge will hold a 65 percent interest in the plant, the company's first in southern China and fourth in the nation. The venture is subject to government approval. Construction of the plant, which will be located between Guangzhou and Hong Kong, is expected to finish in late 2008. The facility will have a daily processing capacity of 4000mt of soybeans, and will be connected directly to discharge facilities at Dongguan port via Sinograin's existing warehouses and conveyor systems. It will produce soybean meal for the large livestock production industry in Guangdong and soybean oil for nearby urban markets. Guangdong Province boasts one of the highest per capita incomes in China. "Combining Bunge's global supply chain and risk management expertise with Sinograin's domestic distribution network will make this plant an efficient addition to the Chinese crushing industry," stated Christopher White, CEO, Bunge Asia. "We expect the partnership between Bunge and Sinograin to make a valuable contribution to meeting the growing demand for food in an important region in China." Driven by rapid commercialization of its meat and feed industries and strong growth in food consumption overall, China's soybean meal and soybean oil consumption have risen at compound annual rates of over 11 percent and 15 percent, respectively, since 2000, according to USDA statistics. About Bunge Bunge Limited (http://www.bunge.com/, NYSE: BG) is a leading global agribusiness and food company founded in 1818 and headquartered in White Plains, New York. Bunge's over 22,000 employees in over 30 countries enhance lives by improving the global agribusiness and food production chain. The company supplies fertilizer to farmers in South America, originates, transports and processes oilseeds, grains and other agricultural commodities worldwide, produces food products for commercial customers and consumers and supplies raw materials and services to the biofuels industry. 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," "expect," "anticipate," "believe," "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, as well as those of the markets we serve or intend to serve, 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: our ability to complete, integrate and benefit from acquisitions, divestitures, joint ventures and strategic alliances; estimated demand for the commodities and other products that we sell and use in our business; industry conditions, including the cyclicality of the agribusiness industry and unpredictability of the weather; agricultural, economic and political conditions in the primary markets where we operate; and other economic, business, competitive and/or regulatory 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. DATASOURCE: Bunge Limited CONTACT: Investor Contact, Mark Haden, +1-914-684-3398, , or Media Contact, Stewart Lindsay, +1-914-684-3369, , both of Bunge Limited Web site: http://www.bunge.com/

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