[GRAPHIC OMITTED]                                                   Exhibit 99.1

                            Investor Contact:          Mark Haden
                                                       Bunge Limited
                                                       914-684-3398
                                                       Mark.Haden@Bunge.com
                                                       --------------------

                            Media Contact:             Stewart Lindsay
                                                       Bunge Limited
                                                       914-684-3369
                                                       Stewart.Lindsay@Bunge.com
                                                       -------------------------



            Larry Pillard to Join Board of Directors of Bunge Limited

WHITE PLAINS, N.Y., December 12, 2006 -- Bunge Limited (NYSE: BG) today
announced that Larry G. Pillard will join its Board of Directors effective
January 1, 2007. Mr. Pillard is executive chairman of the Tetra Laval Group and
former chief executive officer of Tate & Lyle PLC. The appointment of Mr.
Pillard will bring the membership of Bunge's board to 12. He will be an
independent director and will serve on the Board's Corporate Governance and
Nominations Committee and its Finance and Risk Policy Committee.

"Larry Pillard brings nearly forty years of diverse experience in the
agribusiness and food-related industries to Bunge," stated Alberto Weisser,
chairman and CEO, Bunge Limited. "He will provide a global perspective and
valuable insights into important markets."

Mr. Pillard has served as executive chairman of the Tetra Laval Group, a global
business with leading operations in food products processing equipment and
packaging, since 2003. Prior to joining Tetra Laval, Mr. Pillard served as chief
executive officer of Tate & Lyle from 1996 to 2002. He was the company's chief
operating officer from 1995 to 1996, and the president and chief executive
officer of its U.S. starch business, A.E. Staley Manufacturing Co., from
1992-1995. Prior to joining Tate & Lyle, Mr. Pillard served for over 20 years in
managerial capacities at Cargill, Inc.




About Bunge

Bunge Limited (www.Bunge.com) 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 over 22,000 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

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obligation to publicly update or revise any forward-looking statements to
reflect subsequent events or circumstances.




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