Exhibit 99.1


          Bunge Limited Finance Corp. Announces Redemption of Remaining
                           Convertible Notes due 2022

White Plains, N.Y., October 20, 2005 - Bunge Limited Finance Corp., together
with Bunge Limited, today announced that it intends to redeem for cash the
remaining outstanding 3 3/4% convertible notes due November 15, 2022 (the
"Notes") on the redemption date of November 22, 2005. As of October 18, 2005,
Notes in an aggregate principal amount of $242,114,000 were outstanding. As
provided in the indenture governing the Notes, the redemption price is $1,015
for each $1,000 principal amount of Notes to be redeemed, together with accrued
and unpaid interest up to, but not including, the redemption date.

In accordance with the indenture, holders retain the right to convert their
Notes into Bunge Limited common shares at any time before the close of business
on the second business day immediately preceding the redemption date. The Notes
are convertible into 31.1137 common shares of Bunge Limited for each $1,000
principal amount of Notes. This represents a price of $32.1402 per share at
which Bunge Limited common shares will be issued and delivered following
conversion. On October 19, 2005, the closing price of Bunge Limited's common
shares on the New York Stock Exchange was $52.88 per share. No payment will be
made for interest accrued and unpaid on Notes surrendered for conversion.

Bunge Limited has included 7,776,811 weighted average common shares outstanding
related to the conversion of the Notes in its fully diluted earnings per share
calculation for the six months ended June 30, 2005, included in its most recent
Form 10-Q filed with the Securities and Exchange Commission on August 9, 2005.

A notice of redemption is being sent to all currently registered holders of the
Notes by The Bank of New York, the trustee for the Notes under the indenture.
Copies of the notice of redemption and additional information relating to the
procedure for redemption may be obtained from The Bank of New York by calling
(212)815-3738.

About Bunge Limited

Bunge Limited is an integrated, global agribusiness and food company operating
in the farm-to-consumer food chain. Founded in 1818 and headquartered in White
Plains, New York, Bunge has 25,000 employees and locations in 32 countries.
Bunge is the world's leading oilseed processor, the largest producer and
supplier of fertilizers to farmers in South America and the world's leading
seller of bottled vegetable oils to consumers.

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.

Investors Relations Contact

Stewart Lindsay
(914)684-3369
Stewart.Lindsay@bunge.com