WHITE PLAINS, N.Y., June 23, 2008 /PRNewswire-FirstCall via COMTEX News Network/ -- Bunge Limited
(NYSE: BG) today announced that it is increasing its 2008 full year earnings
guidance from $7.10 to $7.40 per share to $9.35 to $9.65 per share. This fully
diluted per share guidance is based on an estimated weighted average of 138
million shares outstanding, which includes assumed dilution relating to its
convertible preference shares. The increase is attributed to better than
expected performance in Bunge's agribusiness and fertilizer segments.

Jacqualyn Fouse, Chief Financial Officer, stated: "We continue to benefit
from good fundamentals in our core markets. Despite the higher commodity
prices, customer demand has been firm. Generally oilseed processing margins
are strong around the world and high international fertilizer prices are
benefiting margins in our fertilizer business.

"Today's volatile, high price environment creates both opportunities and
challenges for participants throughout the food production chain. In Bunge's
role as a physical link between farmers and customers, prudent management of
working capital and risk will continue to be essential in the coming months."

Bunge will announce its second quarter results on Thursday, July 24, 2008.

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 25,000 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.

Additional Information

On June 21, 2008, Bunge and Corn Products International, Inc. entered into
a merger agreement pursuant to which Bunge will acquire Corn Products. This
press release is not a substitute for the joint proxy statement/prospectus and
any other documents Bunge and Corn Products intend to file with the SEC in
connection with the proposed merger. Investors and securityholders are urged
to carefully read the joint proxy statement/prospectus regarding the proposed
merger when it becomes available, because it will contain important
information. The joint proxy statement/prospectus will be, and other documents
filed or to be filed by Bunge and Corn Products with the SEC are or will be,
available free of charge at the SEC's web site (www.sec.gov), by accessing
Bunge's website at www.bunge.com under the tab "About Bunge" and then under
the heading "Investor Information" and from Bunge by directing a request to
Bunge Limited, 50 Main Street, White Plains, New York 10606, Attention:
Investor Relations, and by accessing Corn Products' website at
www.cornproducts.com under the tab "Investors" and then under the heading
"Financial Reports" and then under the heading "SEC Filings" and from Corn
Products by directing a request to Corn Products International, Inc., 5
Westbrook Corporate Center, Westchester, Illinois 60154, Attention: Investor
Relations.

Neither Bunge nor Corn Products is currently engaged in a solicitation of
proxies from the securityholders of Bunge or Corn Products in connection with
the proposed merger. If a proxy solicitation commences, Bunge, Corn Products
and their respective directors, executive officers and other employees may be
deemed to be participants in such solicitation. Information about Bunge's
directors and executive officers is available in Bunge's proxy statement,
dated April 16, 2008, for its 2008 annual meeting of shareholders and in
Bunge's most recent filing on Form 10-K. Information about Corn Products'
directors and executive officers is available in Corn Products' proxy
statement, dated April 4, 2008, for its 2008 annual meeting of stockholders
and in Corn Products' most recent filing on Form 10-K. Additional information
about the interests of potential participants will be included in the joint
proxy statement/prospectus when it becomes available.

SOURCE Bunge Limited

http://www.bunge.com

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