Exhibit 99.1

[BUNGE LOGO]

                                                  Contact:  Mark Haden
                                                            Bunge Limited
                                                            1-914-684-3398
                                                            mark.haden@bunge.com

   Bunge Limited Chairman and Chief Executive Officer Establishes Rule 10b5-1
                                  Trading Plan

WHITE PLAINS, NY - December 12, 2006 - Bunge Limited (NYSE: BG), an integrated,
global agribusiness and food company, today announced that Alberto Weisser, its
Chairman and Chief Executive Officer, has established a Rule 10b5-1 trading plan
to exercise a portion of his employee stock options and sell the resulting
common shares received from such stock option exercises as part of a personal
financial planning strategy for asset diversification and liquidity. The trading
plan was established by Mr. Weisser in accordance with guidelines specified
under Rule 10b5-1 of the Securities Exchange Act of 1934 and Bunge's policies
regarding transactions in our securities.

The trading plan will cover the exercise of options representing up to 75,683
common shares of Bunge beginning no earlier than December 26, 2006, subject to
the trading price of Bunge's common shares. The maximum number of common shares
that may be sold under the trading plan constitutes approximately 7% of Mr.
Weisser's holdings of Bunge's common shares, including vested and unvested
stock options.  Appropriate securities filings reporting the sales will be
made with the Securities and Exchange Commission when due.

Rule 10b5-1 of the Securities Exchange Act of 1934 permits corporate insiders to
adopt prearranged written plans for selling specified amounts of stock. Insiders
may adopt such plans when they are not in possession of material nonpublic
information. Once a plan is established, the insider retains no discretion over
sales under the plan, and the pre-planned trades can be executed through a
broker at later dates without regard to any subsequent material non-public
information that the insider may receive.

About Bunge

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


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