Exhibit 99.1

[LOGO OF BUNGE LIMITED]

                                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 Limited Executive Establishes
                            Rule 10b5-1 Trading Plan

WHITE PLAINS, NY - February 21, 2007 - Bunge Limited (NYSE: BG), a leading
global agribusiness and food company, today announced that Archibald Gwathmey,
co-CEO, Bunge Global Agribusiness, has established a Rule 10b5-1 trading
plan to sell a portion of his holdings of Bunge common shares, including shares
that he has the right to acquire under outstanding employee stock options, as
part of a personal financial planning strategy for asset diversification and
liquidity. The trading plan was established by Mr. Gwathmey in accordance with
guidelines specified under Rule 10b5-1 of the Securities Exchange Act of 1934
and Bunge's policies regarding transactions in Bunge's securities.

The trading plan will cover the sale of up to 11,000 common shares owned by Mr.
Gwathmey no earlier than March 15, 2007 and the exercise of options representing
up to 50,000 common shares of Bunge beginning no earlier than March 6, 2007,
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
20% of Mr. Gwathmey's holdings of Bunge common shares, including outstanding
stock options and time-vested restricted stock units. 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 (www.Bunge.com) 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.

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