Exhibit 99.2

[BUNGE LOGO]
                            Investor Contact:     Mark Haden
                                                  Bunge Limited
                                                  914-684-3398
                                                  Mark.Haden@Bunge.com

                            Media Contact:        Stewart Lindsay
                                                  Bunge Limited
                                                  1-914-684-3369
                                                  Stewart.Lindsay@Bunge.com

           Bunge CFO to leave April 1 and Join Loblaw Companies Ltd.

        Bunge conducting search for new candidate; identifies interim CFO

WHITE PLAINS, NY -- February 8, 2007 -- Bunge Limited (NYSE: BG) today announced
that William M. Wells, Chief Financial Officer, will be leaving to accept the
position of CFO with Loblaw Companies Limited, Canada's largest food distributor
and a leading national retailer. Mr. Wells' departure will become effective
April 1, 2007. Bunge has initiated a search for a new CFO, and plans to consider
both internal and external candidates. Drew Burke, co-CEO, Bunge Global
Agribusiness, will serve as interim CFO after April 1 until a permanent
successor is appointed.

"Bill has been a valued member of our management team since 2000 and made a
significant contribution to Bunge during a critical period in its 189-year
history," said Alberto Weisser, Chairman and Chief Executive Officer, Bunge
Limited. "Bill's financial leadership was instrumental to the success of Bunge's
initial public offering and its acquisition of Cereol, as well as the creation
of the strong growth position the company enjoys today. We wish him success in
his new job. In the coming months Drew will work closely with Bill and me in
preparation for serving as interim CFO."

"The past seven years with Bunge have been the most exciting and fulfilling of
my career," stated Mr. Wells. "Bunge has a bright future, and I will miss the
people here a great deal, but I am looking forward to applying my 17 years of
experience in the food industry to new and interesting professional challenges.
I am also excited by the opportunity to return to Canada where I grew up and
have family."

Mr. Burke joined Bunge Limited in January 2002 as Managing Director, Soy
Ingredients and New Business Development. Prior to joining Bunge, he served as
CEO of Degussa Corporation, the U.S. subsidiary of the German chemical concern,
where he also served as CFO and held a variety of finance and management
positions. Prior to Degussa he worked for Beecham Pharmaceuticals and was an
auditor with Price Waterhouse & Company.




About Bunge

Bunge Limited (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," "plan," "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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