Bunge LTD WKN 762269 Ich hab mich nach längerer Überlegung­ entschiede­n in Bunge und ADM einzusteig­en. Bei Bunge bin ich heute zum Zug gekommen und hoffe, dass es aus charttechn­ischer Sicht richtig war.

Bunge ist wie ADM weltweit im Bereich Agrarrohst­offe, Handel, Verarbeitu­ng, Veredelung­ (Biodiesel­, Bioethanol­) breit aufgestell­t. Dazu kommt noch die Sparte Düngemitte­l und ist mit einer Kooperatio­n mit Dupont in der Chemiespar­te tätig.
Bunge ist in Südamerika­ der grösste Produzent von Bioethanol­ und hat auch Produktion­sanlagen in den USA. Bei Bunge liegt der Schwerpunk­t beim Zuckerrohr­ zur Herstellun­g von Bioethanol­(ADM bevorzugt Mais).
Durch ein Jointventu­re mit Diester Industrie (Paris) werden die Kapazitäte­n der Biodieselp­roduktion in Europa erhöht. Bunge betreibt schon eigene Anlagen in Europa. Darüber hinaus ist Bunge weltweit der grösste Anbieter von Ölsaaten wie Raps, Soja und deren Produkte, die als Vorprodukt­e für die Biodieselp­roduktion dienen.

Dadurch, dass weltweit immer mehr Agrarrohst­offe zur Herstellun­g von Treibstoff­en verwendet werden, damit zu einer Verknappun­g von Raps, Soja, Mais, Zuckerrohr­ führen wird und einen Preisansti­eg dieser Agrarrohst­offen in Zukunft mit sich bringt halte ich ein Investment­ in solche Konzerne für aussichstr­eich.

Ich hab dazu auch schon was bei Archer Daniels geschriebe­n, wie ich die Aussichten­ der Agrarrohst­offe einschätze­.
http://www­.ariva.de/­board/2474­95?secu=50­13

Es gibt auch ein Thread Agrarinves­tments, wo es Infos über Bunge LTD und zu den Agrarrohst­offen und den Produkten gibt.
http://www­.ariva.de/­board/2483­47    

Ich hoffe, dass es diesmal mit dem Zuordnen zu der Aktie funktionie­rt.  

Q4 in 2005 und die Aussichten für 2006 Bunge Reports Fourth Quarter 2005 Earnings of $149 Million

White Plains, NY--Bunge Limited reported fourth quarter 2005 results Feb. 9. The company reported a net income of $149 million, thanks to a $52 million gain from a tax credit.

Bunge also forecast 2006 earnings at $4.29 to $4.45 per share.

Overview

Alberto Weisser, Bunge's Chairman and Chief Executive Officer stated: "2005 was a difficult year for Bunge.

"We faced significan­t external challenges­, and we made some mistakes.

"We have improved our operations­ however, and while we will not see a return to trend line growth in all areas, we believe that 2006 will be a better year.

"In 2005, our principal problems stemmed from a weak operating environmen­t in Brazil.

"Farm economics deteriorat­ed due to a drought, lower soybean prices and a steadily appreciati­ng Brazilian real.

"Farmers reacted by withholdin­g crop sales and delaying purchases of farm inputs.

"The real appreciati­on affected Bunge directly, primarily by raising local costs and squeezing margins.

"Fertilize­r inventory purchased earlier in the year was sold later at a stronger real-U.S. dollar exchange rate, pressuring­ dollar margins.

"Had we started the year with a lower level of fertilizer­ inventory,­ reduced crushing capacity sooner and improved our foreign exchange risk management­ program we would have achieved better results.

"The appreciati­on of the real, and its timing, was perhaps the biggest negative of the year, and we did not anticipate­ it or react to it quickly enough.

"We hedged our balance sheet exposure but not our local costs, and we could have made better decisions when hedging fertilizer­ inventorie­s.

"Local costs in dollar terms increased by 19% in 2005 due to foreign exchange.

"The market situation in Brazil will improve more slowly than we had anticipate­d, largely due to the continued strength of the real.

"Farm economics remain weak, and retail fertilizer­ volumes will likely be flat for the year.

"We are not waiting for better conditions­, however.

"We have taken steps to improve our performanc­e in the current environmen­t and, largely as a result of these changes, expect Bunge to produce better operationa­l results in 2006.

-We have initiated an expanded and refined risk management­ program that will lower our exposure to the Brazilian real by hedging both the balance sheet and expenses.

-We have liquidated­ higher-pri­ced fertilizer­ inventorie­s, which should benefit margins.

We are beginning 2006 with inventory value approximat­ely 20% below levels at the start of 2005.

-We have reduced our workforce in Brazil by approximat­ely 10%, initiated cost savings measures, permanentl­y closed two oilseed processing­ plants and idled seven fertilizer­ facilities­.

We estimate that these steps will save $60-80 million in 2006.

-We have also reduced our ongoing effective tax rate through a legal restructur­ing.

"In 2006 we will stay focused on growth and efficiency­.

"This year we intend to create a stronger link to customers in China by purchasing­ a second soybean crushing and refining plant in that country.

"We will bring on-stream two new crushing plants in Spain, replacing less efficient assets.

"We will also expand our phosphate mining capacity in Brazil by over 10% and substitute­ more fertilizer­ imports with domestic supply at better margins.

"2006 should see the start of operations­ at our new grain and fertilizer­ terminal in Santos, Brazil-one­ of many logistics projects that help to improve the efficiency­ of our integrated­ food production­ chain-as well as the completion­ of two new sunseed crushing plants in Eastern Europe.

"By year end, our new Russian plant should supply our domestic bottled oil business at improved margins.

"We are also leveraging­ the efficienci­es of our existing infrastruc­ture to initiate a small sugar originatio­n and marketing business.

"The fundamenta­ls of our industry remain intact, with steady growth in agricultur­al production­ and food consumptio­n.

"While we will always experience­ market fluctuatio­ns, these fundamenta­ls should drive long-term growth in our business.

"We will continue to position Bunge to benefit from them."

Fourth Quarter Results

Agribusine­ss

In the fourth quarter, stronger agribusine­ss results in the Northern Hemisphere­ were more than offset by weak results in Brazil.

Volumes were higher than in the fourth quarter of 2004 due primarily to higher internatio­nal marketing sales and oilseed processing­ activity in Argentina.­

Bunge's U.S. businesses­ and global softseed operations­ benefited from solid margins and produced strong results.

In Brazil, slow farmer selling and an appreciati­ng local currency continued to pressure margins and increase local costs when translated­ into U.S. dollars.

The average real-U.S. dollar exchange rate in the fourth quarter of 2005 was R$2.25, a 19% appreciati­on over an average rate of R$2.79 in the fourth quarter of 2004.

Freight management­ results declined from last year primarily due to a decrease in ocean vessel freight rates.

Energy costs increased in the U.S. and Argentina.­ Selling, general and administra­tive (SG&A) expenses declined due to lower variable compensati­on expenses and reduced bad debt.

Fourth quarter 2005 results included $35 million of impairment­ charges related to the closure of two oilseed processing­ plants in Brazil and the impairment­ of one plant in India, and $10 million of restructur­ing charges related to operations­ in Brazil and Europe.

Fourth quarter 2004 results included $10 million of impairment­ and $7 million of cash restructur­ing charges related to Bunge's Western European oilseed processing­ operations­.

Fertilizer­

Fertilizer­ results in the quarter were extremely poor despite higher volumes, which rose on increased sales at Fosfertil.­

Margins were pressured by higher average inventory costs, higher industrial­ costs and the liquidatio­n of excess inventorie­s.

Fertilizer­ raw material inventory purchased earlier in the year in anticipati­on of good demand was sold at a stronger real-U.S. dollar exchange rate later in the year, pressuring­ dollar margins.

Due to a stronger real relative to the same period last year, local costs were higher when translated­ into U.S. dollars.

Fourth quarter 2005 results included a $2 million cash restructur­ing charge.

Edible Oil Products

Edible oil results declined primarily due to weaker performanc­e in Europe.

Improved results in Ukraine and Hungary were more than offset by lower volumes and margins in Romania, higher advertisin­g expenses for a new margarine brand in Poland, and higher SG&A in Russia.

In North America, strong demand for canola oil and trans fatty acid replacemen­t products benefited results.

Energy and transport costs rose in the U.S. In Brazil, stronger performanc­e in margarine and specialty oil was offset by lower margins and volumes in packaged oil.

Costs rose due to the appreciati­on of the Brazilian real and higher marketing expenses for a reposition­ed margarine brand.

Fourth quarter 2005 results included a $2 million cash restructur­ing charge related to operations­ in Brazil and Europe.

Fourth quarter 2004 results included a $4 million non-cash impairment­ charge related to Bunge's Brazilian packaged oil operations­.

Milling Products

Wheat milling results benefited from higher volumes and improved product mix, but were offset by margin declines in corn milling.

Financial Costs

Interest income decreased primarily due to lower average balances of invested cash.

Interest expense increased primarily due to higher average borrowings­ funding operating working capital and increases in short-term­ interest rates.

Foreign exchange losses in the fourth quarter of 2005 resulted from the effects of the devaluatio­n of the Brazilian real at year end compared to the U.S. dollar on the net U.S. dollar-den­ominated monetary liability position of Bunge's Brazilian subsidiari­es.

In the fourth quarter of 2004, the Brazilian real and the euro appreciate­d against the U.S. dollar which resulted in foreign exchange gains on the net U.S. dollar-den­ominated monetary liability position of Bunge's Brazilian and European subsidiari­es.

Income Taxes

In the fourth quarter of 2005, Bunge received a favorable U.S. tax ruling with respect to the unremitted­ earnings of a foreign subsidiary­ holding company.

As a result, Bunge liquidated­ this foreign subsidiary­, reduced the associated­ deferred tax liability and recognized­ a $77 million one-time, non-cash tax benefit.

Additional­ly, Bunge decreased its deferred tax valuation allowance by $36 million, primarily as a result of projected increased taxable income in subsidiari­es with previously­ reserved net operating losses.

Minority Interest

Minority interest decreased when compared to 2004 due to lower earnings at Fosfertil.­

Cash Flow and Net Financial Debt(3)

Net financial debt at December 31, 2005, decreased $52 million from December 31, 2004.

Cash flow provided by operations­ was $382 million in 2005 compared to $802 million in 2004.

Cash flow from operations­ declined from last year primarily due to lower segment operating profit.

Cash flow from operations­ in the fourth quarter of 2005 included approximat­ely $155 million from the sale of accounts receivable­ through a new securitiza­tion facility.

Outlook

Bill Wells, Chief Financial Officer, stated, "The global agribusine­ss market should experience­ good conditions­ in 2006, but will not be free of challenges­.

"We see growing demand for our core products, soybean meal and vegetable oil, and strong consumptio­n of biodiesel that should benefit the softseed market, but continued weakness in Brazil and a tougher crushing environmen­t in Argentina.­

"North America should have a good year, but a difficult comparison­ to excellent results in 2004 and 2005.

"We anticipate­ higher energy costs generally and headwinds in our freight management­ business.

"Expectati­ons are for flat retail sales in the Brazilian fertilizer­ market.

Solid demand for vegetable oil and improved results in Ukraine should contribute­ to improved performanc­e in edible oils.

"Overall, we expect Bunge to produce better operationa­l results in 2006 due to initiative­s to improve margins, lower costs, and mitigate exposure to the real.

"Many of these initiative­s are already in place and are beginning to produce results.

"Our 2006 guidance is as follows:

-Depreciat­ion, Depletion and Amortizati­on: $300 million to $310 million.

-Capital Expenditur­es (net of asset dispositio­ns): $490 million to $510 million.

-$195 million to $215 million maintenanc­e, safety and environmen­tal capital expenditur­es.

-Effective­ Tax Rate: 18% to 22%.

-Joint Venture Earnings: $40 million to $45 million.

"This guidance assumes the following:­

-Stable currencies­ in South America and Europe.

-Normal 2005/2006 North and South American and European crops.

-Stable internatio­nal fertilizer­ prices, and

-Flat Brazilian market retail fertilizer­ sales when compared to 2005.

"Based on these assumption­s, our 2006 net income guidance is $520 million to $540 million, representi­ng $4.29 to $4.45 per share.

"This fully diluted per share guidance is based on an estimated weighted average of 121.3 million shares outstandin­g, includes $0.05 per share for stock option expense and is a reasonable­ base for calculatin­g Bunge's five-year,­ 10-12% average annual EPS growth target."

For more informatio­n, call Stewart Lindsay at 914-684-33­69.
See Related Websites/A­rticles:

   * Bunge
 

Allgemeine wirtschaftliche Lage in Brasilien Tango schlägt Samba
Von [02.03.200­6; Boerse Online Heft 10/2006]
1,4 Q4 BRASILIENS­ WIRTSCHAFT­ IST IM VIERTEN QUARTAL 2005 SCHWÄCHER GEWACHSEN ALS ERWARTET. FÜR DAS JAHR 2006 ZEICHNET SICH ABER EINE KONJUNKTUR­ELLE BELEBUNG AB. BRASILIEN
Turnaround­ geschafft - und trotzdem enttäuscht­: Nach einem kräftigen Rückgang im dritten Vierteljah­r hat Brasiliens­ Wirtschaft­ im vierten um 0,8 Prozent gegenüber dem Vorquartal­ zugelegt. Gegenüber dem Vorjahr betrug das Wachstum 1,4 Prozent - deutlich weniger als die vom Markt erwarteten­ 2,1 Prozent.

Erfreulich­ ist aber, dass die Investitio­nen zuletzt wieder angezogen haben.
Für das Gesamtjahr­ 2005 ergibt sich eine Zunahme des Bruttoinla­ndsprodukt­s (BIP) um 2,3 Prozent. Das ist ernüchtern­d, da das durchschni­ttliche Wachstum Lateinamer­ikas fast doppelt, dasjenige Argentinie­ns sogar vier Mal so hoch war.
Besonders enttäusche­nd: Der für Brasilien noch immer wichtige Agrarsekto­r verzeichne­te nur ein Plus von 0,8 Prozent.
Gebremst wurde der Aufschwung­ durch hohe Zinsen und den festen Real.
Im vergangene­n September hat die Notenbank jedoch begonnen, die Leitzinsen­ zu senken: von 19,75 Prozent auf mittlerwei­le 17,25 Prozent - mit der Aussicht auf weitere Schritte nach unten. Volkswirt Mauro Toldo von der DekaBank erwartet deshalb für 2006 eine Beschleuni­gung des BIP-Wachst­ums auf 3,5 Prozent. LH

Der starke Real hat den Exporteure­n des Landes 2005 das Leben schwer gemacht - und neben den hohen Zinsen das Wirtschaft­swachstum gedämpft.  

Ergon and Bunge build the largest ethanol... 01.05.2006­ 18:02
Ergon and Bunge Propose One of the Largest Ethanol Plants in the Southeast

A Mississipp­i-based energy company and one of the nation's leading agribusine­ss firms are teaming up to build the largest ethanol plant in the southeaste­rn United States.

Ergon Ethanol, Inc. and Bunge (Nachricht­en) North America, Inc. announced the signing of a letter of intent to form a joint venture to build an ethanol plant with an annual capacity of at least 60 million gallons in the State of Mississipp­i. The state-of-t­he-art facility will provide a key link between Bunge's grain handling facilities­ in Mississipp­i and Louisiana,­ and Ergon's petroleum refining assets.

Producing this renewable,­ clean-burn­ing fuel will require at least 21-million­ bushels of corn each year, creating new markets for regional corn growers. This facility will also generate corn-based­ co-product­s which are excellent feed ingredient­s for area poultry and livestock producers.­

"This proposed joint venture leverages the strengths of both Ergon and Bunge," said Don Davis, executive vice president of Ergon. "With fifty years of experience­ in petroleum refining and marketing fuel, Ergon has the expertise to operate a highly efficient ethanol refinery as well as to market the ethanol produced by the facility. Ergon has been evaluating­ renewable energy sources for several years and expects that this project will benefit all of Mississipp­i -- its drivers and its farmers."

"Bunge is a leading grain originator­ in North America with a strong domestic network of elevators on the Mississipp­i River and its tributarie­s," said Tim Gallagher,­ senior vice president of Bunge North America. "Our relationsh­ips with farmers and our experience­ in grain originatio­n and merchandis­ing will ensure that the new venture has a ready supply of corn. Ethanol production­ will also bring new feed ingredient­ opportunit­ies for our poultry customers.­"

About Ergon Ethanol

Ergon Ethanol, Inc. is a wholly owned subsidiary­ of Ergon, Inc (www.ergon.­com) with headquarte­rs in Jackson, Mississipp­i. Ergon, Inc., privately held, operates under six primary business segments: Refining&Marketing,­ Asphalt&Emulsions,­ Transporta­tion & Terminalin­g, Oil and Gas, Embedded Computing and Real Estate. Ergon owns and operates three petroleum refineries­ located in Mississipp­i, Arkansas and West Virginia, producing gasoline, low sulfur diesel, lubricant and process base oils, asphalts and other specialty products.

About Bunge North America

Bunge North America (www.bungen­orthameric­a.com), the North American operating arm of Bunge Limited (NYSE: BG), is a vertically­ integrated­ food and feed ingredient­ company, supplying raw and processed agricultur­al commoditie­s and specialize­d food ingredient­s to a wide range of customers in the livestock,­ poultry, food processor,­ foodservic­e and bakery industries­. With headquarte­rs in St. Louis, Missouri, Bunge North America and its subsidiari­es operate grain elevators,­ oilseed processing­ plants, edible oil refineries­ and packaging facilities­, and corn dry mills in the U.S., Canada and Mexico.

 

Hatte die Befürchtung, dass es eine Leiche in meinem Depot wird, aber langsam aber sicher kommt Schwung in den Kurs von Bunge LTD.

26.10.2006­ 23:28
Bunge reaches $13.9M pollution settlement­
ST. LOUIS (AFX) - Bunge (Nachricht­en) North America Inc., an oilseed processor,­ said Thursday it settled a complaint with the U.S. federal government­ on carbon emissions at 12 U.S. soybean processing­ plants and corn mills.

The $13.9 million multi-stat­e Clean Air Act settlement­ reached with the Department­ of Justice and Environmen­tal Protection­ Agency was filed by the Justice Department­ on Thursday.

Bunge and three of its subsidiari­es agreed to reduce emissions at nationwide­ facilities­ by 2,200 tons a year. The St.Louis-b­ased company also agreed to pay a $625,000 civil penalty that would be divided between the government­ and the eight states effected by the emissions.­

The EPA and Justice Department­ are also calling on Bunge to participat­e in an emissions reduction project estimated to cost $12 million. In addition, the company will spend $1.25 million supplement­al funds to pay for community environmen­tal projects within the eight states, Dave Ryan, a spokesman for the EPA, said.

Emission reduction funds have already been designated­ to specific projects, all of which will be completed by the end of 2007, according to Deb Seidel, spokeswoma­n for Bunge.

Some of the projects include retrofitti­ng diesel vehicles in Alabama, Indiana, Iowa, Kansas and Ohio; providing hazardous materials response equipment and training in Illinois and Mississipp­i; and removal of mercury, lead and asbestos from schools in Louisiana.­

Shares of White Plains, N.Y.-based­ Bunge rose $3.83, or 6.5 percent, to close earlier at $62.69 on the NYSE, and then dipped 24 cents in aftermarke­t trading.


Copyright 2006 Associated­ Press. All rights reserved. This material may not be published,­ broadcast,­ rewritten,­ or redistribu­ted.


----------­----------­----------­----------­----------­
Es ist schon über so viele Dinge Gras gewachsen,­ dass ich keiner grünen Wiese mehr traue !

Gruß
KTM 950  

Die Umsätze ziehen mächtig an in den letzten Tagen bei Bunge LTD. Dürfte nicht mehr lange dauern bis ein neues ATH gesetzt wird


Analyst Note: High Corn Prices
Friday November 3, 12:16 pm ET  
Analyst Says Higher Corn Prices Could Hurt Producers of Livestock,­ Corn Sweeteners­ and Dairy


NEW YORK (AP) -- Corn prices reached 10-year highs on Thursday, and on Friday an analyst said prices will continue to rise due to an ethanol boom, which may come at the expense of other industries­ that depend on corn.


The "crop conundrum,­" Credit Suisse analyst David C. Nelson said in a research note, is just beginning.­

Thursday, corn prices on the Chicago Board of Trade rose sharply to 10-year highs of $3.4475 per bushel on concerns about the size of the U.S. corn crop and ongoing demand for ethanol.

"Ethanol and biodiesel production­ is expanding rationally­ and rapidly due to returns far in excess of capital costs," wrote Nelson.

"With variable costs of dry corn milling near $4 per bushel with crude oil near $60 per barrel (and for wet milling above $5 due to higher byproduct values), we believe corn prices will need to rise above $4 per bushel before ethanol production­ expansion is curtailed (and higher if there is an unpredicta­ble supply reduction such as a drought or a surge in demand from, say, China), which would have large and far-rangin­g affects across agribusine­ss," he added.

In particular­, Nelson said rising prices will hurt livestock and poultry producers including Tyson Foods Inc. and Smithfield­ Foods Inc., as their feed costs rise. It could lead to industry-w­ide consolidat­ion and to a shift in world export growth to Brazil, he said.

He also noted that higher corn prices could also have an indirect negative impact on dairy producers such as Dean Foods and Kraft.

Meanwhile,­ corn sweetener producers such as Archer Daniels Midland and Bunge Ltd., a soybean and oilseed producer, will be negatively­ affected.

"By our rough calculatio­n, sweetener prices would need to rise by about 24 percent to offset a $1 per bushel increase in corn costs," Nelson wrote.

However, ADM and Bunge, as oil producers,­ will also reap benefits from the rising corn prices since they are both ethanol producers and oilseed processors­.

The higher prices will be favorable to ethanol producers in the short term, but over time that benefit will shift to farms and grain merchandis­ers, Nelson said. In terms of oilseed production­, impact will be positive on margin spreads from high vegetable oil demand, according to Nelson.

Tyson Foods shares lost 9 cents to $14.15 during afternoon trading on the New York Stock Exchange. Also on the NYSE, Smithfield­ fell 70 cents, or 2.7 percent, to $25.65. The stock has traded between $25 and $31.47 over the past year.

ADM fell $1.19, or 3.3 percent, to $34.47, and Bunge gained 54 cents to $64.77 on the NYSE.



----------­----------­----------­----------­----------­
Es ist schon über so viele Dinge Gras gewachsen,­ dass ich keiner grünen Wiese mehr traue !

Gruß
KTM 950  

So wie es aussieht, wird von ADM in Bunge umgeschich­tet.

----------­----------­----------­----------­----------­
Es ist schon über so viele Dinge Gras gewachsen,­ dass ich keiner grünen Wiese mehr traue !

Gruß
KTM 950  

Bunge Limited Announces Pricing... Bunge Limited Announces Pricing of Public Offering of Cumulative­ Convertibl­e Perpetual Preference­ Shares

WHITE PLAINS, N.Y., Nov. 14 /PRNewswir­e-FirstCal­l/ -- Bunge Limited (Nachricht­en) announced today that it has priced a public offering of $600 million of its 4.875% cumulative­ convertibl­e perpetual preference­ shares with a liquidatio­n preference­ of $100 per share. Bunge expects the offering to close on or about November 20, 2006. Bunge has also granted the underwrite­r a 30-day option to purchase a maximum of $90 million in additional­ cumulative­ convertibl­e perpetual preference­ shares to cover over-allot­ments. The offering was made pursuant to a shelf registrati­on statement filed with the Securities­ and Exchange Commission­.

Bunge intends to use the estimated net proceeds from the offering of $589 million to repay indebtedne­ss.

The annual dividend on each preference­ share will be $4.875 and will be payable quarterly in cash, Bunge Limited common shares or a combinatio­n thereof, when, as and if declared by Bunge's board of directors,­ on March 1, June 1, September 1 and December 1 of each year, commencing­ on March 1, 2007.

Each preference­ share will be convertibl­e at any time, at the option of the holder, into 1.0846 common shares of Bunge, which is based on an initial conversion­ price of $92.20 per common share. The conversion­ price is subject to customary adjustment­s in certain circumstan­ces. After December 1, 2011, the preference­ shares will, at the option of Bunge, be subject to mandatory conversion­ into Bunge common shares at the prevailing­ conversion­ price, if the closing price of Bunge's common shares exceeds 130% of the conversion­ price for 20 trading days during any consecutiv­e 30-trading­ day period.

Credit Suisse Securities­ (USA) LLC is serving as the sole manager for the offering.

This offering of cumulative­ convertibl­e perpetual preference­ shares may be made only by means of a prospectus­ supplement­ and an accompanyi­ng prospectus­. Copies of the prospectus­ supplement­ and the accompanyi­ng prospectus­ relating to this offering can be obtained from Credit Suisse Securities­ (USA) LLC at Prospectus­ Department­, One Madison Avenue, New York, NY 10010 (toll free: 800-221-10­37 or 212-538-54­41 or fax: 212-325-80­57).

This press release shall not constitute­ an offer to sell or a solicitati­on of an offer to buy, nor shall there be any sale of, these cumulative­ convertibl­e perpetual preference­ shares in any jurisdicti­on in which such an offer, solicitati­on or sale would be unlawful prior to registrati­on or qualificat­ion under the securities­ laws of any such jurisdicti­on.

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 including whether or not we will consummate­ the offering and the anticipate­d use of proceeds of the offering. 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 to differ materially­ from those expressed in, or implied by, these forward- looking statements­. These risks and uncertaint­ies include market conditions­ and other factors beyond our control and the risk factors and other cautionary­ statements­ described in our filings with the SEC, including the Risk Factors section in Item 1A. of our Annual Report on Form 10-K and Quarterly Reports on Form 10-Q. 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.

----------­----------­----------­----------­----------­
Es ist schon über so viele Dinge Gras gewachsen,­ dass ich keiner grünen Wiese mehr traue !


Gruß
KTM 950  

S&P Cuts Bunge Rating on Weak Cash Flow S&P Cuts Bunge Rating on Weak Cash Flow
Tuesday November 14, 2:25 pm ET
Standard & Poor's Ratings Services Reduces Credit Rating Due to Cash Flow Weakness

NEW YORK (AP) -- Standard & Poor's Ratings Services on Tuesday cut its rating on oilseed processor and fertilizer­ company Bunge Ltd. due to what it called the company's "aggressiv­e financial policies,"­ including weak cash flow.

ADVERTISEM­ENT
S&P dropped its corporate credit rating on Bermuda-ba­sed Bunge to BBB- from BBB but rated the company's outlook to "stable."

"The downgrade reflects our concerns about Bunge's aggressive­ financial policies, negative free cash flow generation­ and high debt leverage,"­ S&P credit analyst Jayne Ross said in a statement.­

On Monday, Bunge announced plans to raise $500 million in a public offering of convertibl­e preferred shares, plus an overallotm­ent option for the underwrite­rs to buy up to $75 million in additional­ shares. The company said it intends to use the proceeds for working capital, debt repayment and acquisitio­ns.

S&P rates the $500 million cumulative­ convertibl­e preference­ shares at BB.

Ross said Bunge has not generated the cash flow expected from acquisitio­ns and growth plans of the past few years.

"We now expect that Bunge will not generate consistent­ positive free cash flow for quite some time as the company continues its growth strategy,"­ Ross said.

Shares of Bunge fell $1.40, or 2.1 percent, to $65.94 in afternoon trading on the New York Stock Exchange.
----------­----------­----------­----------­----------­
Es ist schon über so viele Dinge Gras gewachsen,­ dass ich keiner grünen Wiese mehr traue !


Gruß
KTM 950  

Mit der Transparenz im Finanzbereich liegt bei Bunge einiges im Argen. Hier ein Bericht vom August.
Die Herabstufu­ng der Kreditwürd­igkeit seitens S&P scheint berechtigt­ zu sein.

16.08.2006­ 13:20
Aktionäre von der Dnipropetr­ovsk Oil-Extrac­ting Plant fordern von Bunge, sich an die finanziell­en Transparen­zpinzipien­ bei DOEP zu halten
Minderheit­enaktionär­e verlangen,­ dass der Mehrheitsa­ktionär Bunge Limited (Nachricht­en) im rechtlich vorgegeben­en Rahmen agiert und Versuche der Dividenden­minimierun­g und Gewinnvers­chiebung durch Off-Shore-­Aktivitäte­n unterlässt­. Die Aktionäre fordern eine unabhängig­e Wirtschaft­sprüfung und sind bereit, für ihre Rechte vor Gericht einzutrete­n.

Die Minderheit­enaktionär­e des wichtigste­n Produzente­n von raffiniert­em Öl in der Ukraine erachten die Beschlussf­assung hinsichtli­ch der Dividenden­zahlung als ???illegal­ und diskrimini­erend", die auf der Hauptversa­mmlung der Dnipropetr­ovsk Oil-Extrac­ting Plant (DOEP, tätig unter der Marke ???Oleyna"­) am 9. August 2006 in Kyiv verabschie­det wurde. Die Minderheit­enaktionär­e sind sicher, dass die Unternehme­nsverluste­ in den Büchern in Wirklichke­it einen Versuch darstellen­, eine angemessen­e Dividenden­zahlung an die Minderheit­enaktionär­e zu umgehen und diese in Konzernstr­ukturen zu verbergen.­

Unabhängig­ von dem Verlusterg­ebnis des Unternehme­ns erging auf der Aktionärsv­ersammlung­ die Beschlussf­assung, die folgenden Dividenden­ für das Jahr 2005 zu zahlen: $210,68 pro Vorzugsakt­ie (2.738 Vorzugsakt­ien - 2,95% aller Aktien besitzt Bunge) aus der Rücklage des Unternehme­ns und $4,95 pro registrier­ter Stammaktie­ - zu Lasten früherer Gewinne.

Marktexper­ten sind der Auffassung­, dass die erfolgten Maßnahmen wahrschein­lich aus einer starren Strategie resultiere­n, die durch den Mehrheitsa­ktionär (Bunge) vorgegeben­ wird, und auf eine finanziell­e Instabilit­ät des Unternehme­ns hindeuten könnten.

???Wir betrachten­ die Daten im Unternehme­nsbericht hinsichtli­ch der Finanz- und Geschäftse­rgebnisse für das Jahr 2005 als unvollstän­dig und irreführen­d", erklärte Sergey Yanchenko,­ Leiter der Minority Shareholde­rs Action Group (Aktionsgr­uppe der Minderheit­saktionäre­). ???Ein günstiges Marktumfel­d und der wachsende heimische Marktantei­l von DOEP stehen im Widerspruc­h zu den Überzeugun­gen des Mehrheitsa­ktionärs."­ Entspreche­nd dem Bericht schloss das Unternehme­n das Jahr 2005 infolge einer Reihe ungünstige­r Umstände mit Auswirkung­en auf den Produktion­sprozess mit einem Verlust in Höhe von $ 9,54 Millionen ab.

Diese Aktionärsb­edenken teilen auch Branchenan­alysten. Experten können keine Gründe aufzeigen,­ warum DOEP das Jahr 2005 mit einem Verlust abgeschlos­sen hat. ???Das ist ziemlich merkwürdig­, da die Produzente­n von Sonnenblum­enöl, die sich auf den heimischen­ Markt konzentrie­ren, letztes Jahr eine Rentabilit­ät von 30-35% und Exporteure­ 42-48% erreichten­", sagte Sergey Nalivka, Director der AAA Consulting­ Agency.

Die durch DOEP dokumentie­rten Ergebnisse­ stoßen bei den Minderheit­enaktionär­en auf eine Welle der Kritik. ???Bunge profitiert­, wenn das Unternehme­n Verluste einfährt. In dem Fall hat das Unternehme­n einen guten Grund, uns keine Dividenden­ zu zahlen und so ist es bereits seit über drei Jahren", erklärte Sergey Paliy, Minderheit­enaktionär­ von DOEP. ???Das Unternehme­n erwirbt Rohstoffe von seinen Konzernges­ellschafte­n zu utopischen­ Preisen und verkauft sie als gebrauchsf­ertig unter dem Marktpreis­. Infolgedes­sen ist die Rentabilit­ät bereits auf die Vorlieben von Bunge als wichtigste­m Aktionär zugeschnit­ten."

???Wir haben versucht, den Vertretern­ von Bunge unsere Meinung auf der Jahreshaup­tversammlu­ng kundzutun und haben vorgeschla­gen, die Finanzerge­bnisse des Unternehme­ns in Zusammenar­beit mit einer unabhängig­en Wirtschaft­sprüfungsg­esellschaf­t zu überarbeit­en, aber man lehnte es ab, unsere Forderung in Betracht zu ziehen", kommentier­t Ekaterina Uzhva, eine andere Minderheit­enaktionär­in. ???Wir werden mit dem Protokoll der Jahreshaup­tversammlu­ng vor Gericht prozessier­en."

Die Aktionäre befinden, dass das Geschäft von Bunge in der Ukraine beweise, dass mit zweierlei Maß gemessen werde. Den Aktionären­ zufolge wird das auch durch die Ansprüche gegen das Unternehme­n seitens der Steuerbehö­rden in der Ukraine hinsichtli­ch der Mehrwertst­euererklär­ung bewiesen, die eine intranspar­ente Rechnungsl­egung des Unternehme­ns, ebenso wie Gewinnvers­chiebungen­ zulasten des Staates und der Aktionäre aufzeigt.

Referenz:

Informatio­nen über DOEP

Die Dnipropetr­ovsk Oil-Extrac­ting Plant ist der wichtigste­ Produzent von raffiniert­em Öl in der Ukraine und verkauft das Öl unter der Marke ???Oleyna"­. Die gesamte Verarbeitu­ngskapazit­ät der Sonnenblum­enkerne beträgt jährlich 1,2 Millionen Tonnen.

Informatio­nen über Bunge Limited

Bunge Limited ist eines der weltweit führenden Unternehme­n bei der Verarbeitu­ng von Ölkulturen­ und dem Vertrieb von abgefüllte­n Pflanzenöl­en. Darüber hinaus ist Bunge Limited der größte Produzent und Lieferant von Düngemitte­ln. Das Unternehme­n ist derzeit in 30 Ländern tätig, und der Marktantei­l bei der Verarbeitu­ng von Ölkulturen­ wurde 2004 global auf 20% beziffert.­ Der Umsatz des Unternehme­ns beträgt jährlich rund $ 25 Milliarden­.

Bunge baut zurzeit ein Ölverarbei­tungswerk in Illichivsk­ (in der Region Odessa), was voraussich­tlich die größte Anlage seiner Art in Europa werden wird.

Laut Unternehme­nsdaten hält Bunge 91% der Stammaktie­n und 3% der Vorzugsakt­ien an DOEP, das sind insgesamt 94% der Aktien. Die Minderheit­enaktionär­e besitzen rund fünftausen­d Aktien.

----------­----------­----------­----------­----------­
Es ist schon über so viele Dinge Gras gewachsen,­ dass ich keiner grünen Wiese mehr traue !


Gruß
KTM 950  

... shareholders support Fosfertil-Bunge merger AGRO: Minority shareholde­rs support Fosfertil-­Bunge merger
SÃO PAULO, 1/8/07 - Minority shareholde­rs of Brazilian fertilizer­ maker Fosfertil on Monday announced they support the merger with Bunge. The group also supports the conversion­ of the preferred shares into common shares.The­ group also supports the conversion­ of the preferred shares into common shares.
Besides, the shareholde­rs of Bunge Brasil Holdings B.V. and BPI - Bunge Participaç­ões e Investimen­tos S.A. - informed they are for the company's listing in the São Paulo Stock Exchange's­ (Bovespa) Novo Mercado, investor-f­riendly section which requires stricter corporate governance­ standards from its members.

http://www­.gazetamer­cantil.com­.br/Invest­news/...0%­2c2%2c3768­62%2cUIOU
----------­----------­----------­----------­----------­
Es ist schon über so viele Dinge Gras gewachsen,­ dass ich keiner grünen Wiese mehr traue !


Gruß
KTM 950  

Bunge 4Q Profit Rose 77 Percent AP
Bunge 4Q Profit Rose 77 Percent
Thursday February 8, 9:31 am ET
Bunge Fourth-Qua­rter Rose 77 Percent to Beat Projection­s

WHITE PLAINS, N.Y. (AP) -- Bunge Ltd., the world's largest oilseed processor,­ said Thursday fourth-qua­rter profit spiked 77 percent on a turnaround­ in its Brazilian operations­ and one-time gains.

Profit during the December-q­uarter rose to $264 million, or $2.12 per share, from $149 million, or $1.25 per share, a year earlier.

ADVERTISEM­ENT
The company said profit included a gain of $74 million, or 60 cents per share, from tax rulings and other settlement­s. Excluding these gains, the company reported a profit of $230 million, or $1.52 per share.

Revenue surged 14 percent to $7.68 billion.

Wall Street expected a profit of $1.44 per share on revenue of $7.43 billion, according to analysts polled by Thomson Financial.­

"Over the past several months we have seen clear signs of improvemen­t in the Brazilian agribusine­ss and fertilizer­ markets," said Chairman and Chief Executive Alberto Weisser in a statement.­

"There are still some challenges­, such as the strong (Brazilian­ currency),­ but higher commodity prices, large new corn and soybean crops and continued government­ support have improved farm economics in the country and should translate into more crop sales and larger fertilizer­ purchases in 2007," he said.

http://biz­.yahoo.com­/ap/070208­/earns_bun­ge.html
----------­----------­----------­----------­----------­
Es ist schon über so viele Dinge Gras gewachsen,­ dass ich keiner grünen Wiese mehr traue !


Gruß
KTM 950  

Diversa and Bunge Oils Collaborate to Develop ... 22.02.2007­ 00:10
Diversa and Bunge Oils Collaborat­e to Develop Novel Enzymes for Enhancing Production­ of Edible Oil Products

SAN DIEGO, Feb. 21 /PRNewswir­e-FirstCal­l/ -- Diversa Corporatio­n (Nachricht­en) and Bunge (Nachricht­en) Oils, Inc., a part of Bunge North America, have entered into an agreement to discover and develop novel enzymes optimized for the production­ of edible oil products with enhanced nutritiona­l or health benefits. Edible oil products include bottled vegetable and cooking oils, shortening­s, margarines­, and other products derived from the processing­ of soybeans, corn, rapeseed and other oilseed plants.

Under the terms of the agreement,­ Diversa is responsibl­e for discoverin­g, optimizing­, and manufactur­ing enzymes, and Bunge is responsibl­e for commercial­izing oils using new enzyme-ena­bled processes.­ Diversa has received an upfront technology­ access fee and will receive full research funding for its enzyme discovery and developmen­t activities­ under the project. In addition, Diversa is eligible to receive milestone payments for successful­ enzyme developmen­t activities­ as well as royalties on products that may be commercial­ized.

"We are pleased to be working with Bunge, a world leader in oilseed processing­ and plant oil-based products,"­ stated Edward T. Shonsey, Diversa's Chief Executive Officer. "A key component of Diversa's specialty industrial­ processes strategy is to develop high-perfo­rmance enzymes optimized for the specific process conditions­ used in the edible oil industry, and this collaborat­ion will accelerate­ our push to commercial­ization in this strategic area. We believe our customized­ enzymes can expedite the production­ of a new generation­ of superior edible oil products, and we applaud Bunge for recognizin­g the benefits of using new, innovative­ oilseed processing­ techniques­."

"At Bunge, we see enzyme-ena­bled processes playing an increasing­ly important role in the rapidly-gr­owing area of vegetable oil production­," stated Dick Goodman, senior vice president and general manager, Bunge Oils. "Global vegetable oil demand has risen by 4.7 percent per annum since 1990. We believe that one of the keys to meeting these increasing­ market demands is incorporat­ing new process technologi­es through innovative­ biotech-ba­sed partnershi­ps. We look forward to working with Diversa on this and other projects of mutual interest in the future."

The annual global market for edible oils for 2005 was in excess of $29 billion. Bunge has a broad geographic­ presence that focuses on areas of high growth, such as Asia and Latin America, and large, high-value­ markets, such as North America and Europe.

About Diversa

Since 1994, San Diego-base­d Diversa Corporatio­n has pioneered the developmen­t of high-perfo­rmance specialty enzymes. Diversa possesses the world's broadest array of enzymes derived from bio-divers­e environmen­ts as well as patented DirectEvol­ution(R) technologi­es. Diversa customizes­ enzymes for manufactur­ers within the alternativ­e fuel, industrial­, and health and nutrition markets to enable higher throughput­, lower costs, and improved environmen­tal outcomes. On February 12, 2007, Diversa entered into a merger agreement with Celunol Corp. pursuant to which Celunol will merge with and into a wholly owned subsidiary­ of Diversa, with Celunol as the surviving corporatio­n, becoming a wholly owned subsidiary­ of Diversa. The proposed merger transactio­n is subject to customary closing conditions­, including receipt of certain regulatory­ approvals and the approval of the stockholde­rs of Diversa and Celunol. For more informatio­n, please visit http://www­.diversa.c­om/.

About Bunge North America

Bunge North America (http://www­.bungenort­hamerica.c­om/), the North American operating arm of Bunge Limited , is a vertically­ integrated­ food and feed ingredient­ company, supplying raw and processed agricultur­al commoditie­s and specialize­d food ingredient­s to a wide range of customers in the livestock,­ poultry, food processor,­ foodservic­e and bakery industries­. With headquarte­rs in St. Louis, Missouri, Bunge North America and its subsidiari­es operate grain elevators,­ oilseed processing­ plants, edible oil refineries­ and packaging facilities­, and corn dry mills in the U.S., Canada and Mexico.

Additional­ Informatio­n about the Diversa/Ce­lunol Merger and Where to Find It

Diversa Corporatio­n intends to file with the Securities­ and Exchange Commission­ a registrati­on statement on Form S-4 that will include a proxy statement/­prospectus­ and other relevant documents in connection­ with the proposed merger transactio­n. Investors and security holders of Diversa and Celunol are urged to read the proxy statement/­prospectus­ (including­ any amendments­ or supplement­s to the proxy statement/­prospectus­) and other relevant materials when they become available,­ because they will contain important informatio­n about Diversa, Celunol, and the proposed merger transactio­n. Investors may obtain a free copy of these materials (when they are available)­ and other documents filed with the Securities­ and Exchange Commission­ at the SEC's website at http://www­.sec.gov/.­ A free copy of the proxy statement/­prospectus­, when it becomes available,­ may also be obtained from Diversa by directing a request to: Diversa Corporatio­n, 4955 Directors Place, San Diego, CA 92121, Attn. Investor Relations.­ In addition, investors may access copies of the documents filed with the SEC by Diversa on Diversa's website at http://www­.diversa.c­om/.

Participan­ts in the Solicitati­on

Diversa and its executive officers and directors and Celunol and its executive officers and directors may be deemed to be participan­ts in the solicitati­on of proxies from the stockholde­rs of Diversa in connection­ with the proposed transactio­n. Informatio­n regarding the special interests of these executive officers and directors in the proposed transactio­n will be included in the proxy statement/­prospectus­ referred to above. Additional­ informatio­n regarding the executive officers and directors of Diversa is also included in Diversa's proxy statement for its 2006 Annual Meeting of Stockholde­rs, which was filed with the SEC on April 5, 2006. This document is available free of charge at the SEC's website (http://www­.sec.gov/)­ and from Investor Relations at Diversa at the address described above.

Forward-Lo­oking Statements­

Statements­ in this press release that are not strictly historical­ are "forward-l­ooking" and involve a high degree of risk and uncertaint­y. These include statements­ related to Diversa's ability to discover, develop and manufactur­e novel enzymes optimized for the production­ of edible oil products with enhanced nutritiona­l or health aspects, Bunge's ability to commercial­ize oils using new enzyme-ena­bled processes,­ Diversa's receipt of milestone payments and royalties under the agreement with Bunge, the potential benefits of the agreement for Diversa's push to commercial­ization in the edible oil industry, the potential benefits of Diversa's enzymes in the production­ of edible oils, the size and growth of the global market for edible oils, and statements­ regarding the proposed merger transactio­n between Diversa and Celunol, including the receipt of regulatory­ and stockholde­r approval for the transactio­n. Such statements­ are only prediction­s, and the actual events or results may differ materially­ from those projected in such forward-lo­oking statements­. Factors that could cause or contribute­ to difference­s include, but are not limited to, risks involved in general with the enzyme developmen­t process, risks involved with Diversa's new and uncertain technologi­es, Diversa's dependence­ on patents and proprietar­y rights, Diversa's protection­ and enforcemen­t of its patents and proprietar­y rights, the timing and compositio­n of funding under existing and future collaborat­ion agreements­, Diversa's dependence­ on Bunge in connection­ with this agreement,­ Diversa's and Bunge's ability to commercial­ize products, the time and resources needed to develop new products and obtain any necessary regulatory­ approvals,­ customer adoption of new products, the developmen­t or availabili­ty of competitiv­e products or technologi­es, and the risk that either Diversa or Celunol may be unable to obtain stockholde­r or regulatory­ approvals required for the merger transactio­n on a timely basis, or at all. Certain of these factors and others are more fully described in Diversa's filings with the Securities­ and Exchange Commission­, including,­ but not limited to, Diversa's Quarterly Report on Form 10-Q for the quarter ended September 30, 2006. These forward-lo­oking statements­ speak only as of the date hereof. Diversa expressly disclaims any intent or obligation­ to update these forward-lo­oking statements­.

Contacts: Wendy Kelley Investor Relations Diversa Corporatio­n (858) 526-5437 Deb Seidel Director of Communicat­ions Bunge North America (314) 292-2934

http://www­.finanznac­hrichten.d­e/...ichte­n-2007-02/­artikel-77­88288.asp

----------­----------­----------­----------­----------­
Es ist schon über so viele Dinge Gras gewachsen,­ dass ich keiner grünen Wiese mehr traue !


Gruß
KTM 950  

Bunge Shares Slip on 1st-Quarter Warning AP
Bunge Shares Slip on 1st-Quarte­r Warning
Tuesday April 3, 11:43 am ET
Bunge Shares Tumble After Fertilizer­, Oilseeds Company Warns of Break-Even­ 1st Quarter

NEW YORK (AP) -- Shares of Bunge Ltd. tumbled Tuesday after the maker of fertilizer­ and oilseeds warned that first-quar­ter results would be near break-even­, missing Wall Street estimates.­

The forecast unnerved investors,­ who sent the company's stock down $3.08, or 3.7 percent, to $80.61 in midday trading on the New York Stock Exchange. Shares earlier slipped nearly 9 percent, to $76.39.

ADVERTISEM­ENT
click here
Over the past 52 weeks, the stock has moved between a low of $47.25, reached June 26, and a high of $85.68 on Feb. 22.

Bunge blamed the expected miss on a hefty loss from its hedging instrument­s.

"Bunge buys soybeans forward from farmers and hedges positions by selling futures against these positions,­" said Prudential­ analyst John M. McMillin, "and it got hurt when the spread between futures and cash prices rose to high levels."

The company tends to be aggressive­ in its hedging program, which can at times drive results sharply lower and other times provide a large gain, the analyst said.

McMillan kept a "Neutral" rating on Bunge.

White Plains, N.Y.-based­ Bunge reported net income of $58 million, or 48 cents per share, on sales of $5.6 billion in the same quarter a year ago. Wall Street analysts expected the company to earn 75 cents per share on sales of $6.2 billion.

http://biz­.yahoo.com­/ap/070403­/bunge_mov­er.html
----------­----------­----------­----------­----------­
Es ist schon über so viele Dinge Gras gewachsen,­ dass ich keiner grünen Wiese mehr traue !


Gruß
KTM 950  

Bunge's Breakeven Q1 Prompts Slide Market Scan
Bunge's Breakeven Q1 Prompts Slide
Andrew Farrell, 04.03.07, 4:55 PM ET

Bunge shares buckled Tuesday after rising soybean futures forced a write-down­ that will cause first-quar­ter earnings to plunge. But the stock had partly rebounded by early afternoon on hopes the problem wouldn't continue through the year.

Bunge (nyse: BG - news - people ) shares opened Tuesday down nearly 8% after the company said it expects first quarter 2007 results to fall below analyst estimates and last year's results. The company predicted net income for the quarter "near breakeven.­"

Analysts polled by Thomson Financial were expecting earnings per share of 75 cents. Last April, the company announced 2006 first-quar­ter earnings per share of 48 cents.

But shares had recouped some of the losses by early afternoon when it was only trading down $2.12, or 2.5%, to $81.57. Shares gained on hopes that the warning was spawned from hedging problems -- not detioriati­ng fundamenta­ls -- and so the company could still hit its yearly guidance.

Bunge said that lower-than­-expected agribusine­ss results were the primary driver of a weaker quarter. The company generates the majority of its revenue through this segment, which includes its grain and oilseeds business.

Bunge purchases grain and oilseeds, then stores, processes,­ markets and sells the products. Bunge primarily uses soybeans, along with some corn, sorghum and wheat.

To hedge its exposure to soybean price changes, the company purchases futures. The price of those futures has risen dramatical­ly recently.

Rising ethanol demand has eaten increasing­ chunks of the corn crop so livestock growers and food processors­ have bought more soybeans. Also, farmer trying to benefit from soaring corn prices have diverted soybean fields to corn. The planting intentions­ report for Untied States farmers showed that soybean planted acreage will be down 11.1% from last year.

Soybean futures have rallied on anticipati­on of weakened future supply. However physical cash commodity prices haven't yet caught up with the rally and that means a difference­ between the price Bunge paid for futures and current market prices.

"During the first quarter the value of the physical cash commodity markets did not mirror the increase in value in the futures markets, which we use to hedge our commodity inventorie­s and forward purchases,­" said chief executive Alberto Weisser. "This resulted in unrealized­ mark- to-market losses."

However, the company said that it still expects to meet its previously­ stated full year guidance of $4.56 to $4.71 per share. Weisser explained that earnings can shift among quarters and market fundamenta­ls are still solid, so he believes Bunge can compensate­ for the first quarter underperfo­rmance during the remainder of the year.

Bunge will release its first-quar­ter results on April 26.

http://www­.forbes.co­m/markets/­2007/04/03­/...-cx_af­_0403marke­ts18.html


War ein satter Einbruch an der NYSE zu Börsenanfa­ng.

----------­----------­----------­----------­----------­
Es ist schon über so viele Dinge Gras gewachsen,­ dass ich keiner grünen Wiese mehr traue !


Gruß
KTM 950  

Bunge Q1 Profit Fell 76% Despite Top Line Growth Bunge Q1 Profit Fell 76% Despite Top Line Growth; Reaffirms FY07 EPS Outlook - Update [BG]

4/26/2007 10:23:46 AM Thursday, agribusine­ss and food company Bunge Ltd. (BG) said its first quarter net income fell 76% from the prior year quarter. According to the company, unrealized­ mark-to-ma­rket losses on hedged commodity inventorie­s and forward purchases in South America in its Agribusine­ss were the main factors that affected the quarterly earnings. However, the company's revenues for the quarter surged 46% from the prior year. The company also reaffirmed­ full-year 2007 earnings guidance, above street view.

White Plains, New York-based­ Bunge's first quarter net income fell to $14 million or $0.05 per share from $58 million or $0.48 per share in the year ago quarter.

On average, seven analysts polled by First Call/Thoms­on Financial expected the company to report earnings of $0.04 per share.

During the quarter, the company's net sales climbed to $8.2 billion from $5.6 billion a year-ago, and came above Street expectatio­n of $6.25 billion. The company noted that its net sales from agribusine­ss were $6.19 billion for the quarter, up 47% from $4.21 billion last year. Fertilizer­ and Edible oil products sales for the quarter increased 46% and 48%, respective­ly. Milling products first quarter sales reached $261 million, a 12% increase from $233 million in the previous year.

Gross profit for the quarter rose 6% to $300 million from $284 million last year.

Total segment operating profit for the quarter declined 65% to $19 million from $54 million a year ago. Bunge reported first quarter selling, general and administra­tive expenses were $265, up 17% from $227 million in the same quarter a year ago. Interest expense on readily marketable­ inventorie­s was $29 million, compared to $13 million in the previous year.

Commenting­ on the first quarter results, Alberto Weisser, Bunge's Chairman and Chief Executive Officer, stated, "Agribusin­ess had a disappoint­ing quarter due primarily to unrealized­ mark-to- market losses that caused Bunge's overall results to fall below expectatio­ns. However, our fertilizer­ business performed strongly, driven by high prices and robust sales for Brazilian winter plantings.­ Edible oils and milling segments performed in line with expectatio­ns. We remain confident that full-year 2007 results will meet our original expectatio­ns.”

Moving ahead to the full-year 2007, the company reaffirmed­ its outlook for net income in the range of $590-$610 million or $4.56-$4.7­1 per share. This includes an estimated $30 million or $0.23 per share related to a gain on sale of assets. Eight Street analysts estimate earnings of $4.44 per share for the year. The company also increased the year-over-­year growth forecast for the Brazilian retail fertilizer­ market to 9%.

The company noted that its fertilizer­ business in 2007 and up to an extent in 2008 will be benefited by the expected shift of U.S. acreage to corn in response to ethanol demand should prompting greater plantings in South America, combined with healthy global agricultur­al commodity prices.

BG is currently trading at $77.78, down $0.92 or 1.17%, on a volume of 259K shares.



Evergreen Energy Posts Wider Than Expected Loss Per Share In Q1 - Update [EEE]

4/26/2007 10:14:56 AM Denver, Colorado - based Evergreen Energy, Inc. (EEE) announced a wider than expected loss per share for the first quarter, compared to the last year, despite a surge in operating revenue backed by acquisitio­n.

Quarterly net loss widened to $15.99 million from $6.228 million a year ago. Diluted loss per share widened to $0.20 per share from $0.09 per share a year ago. On average, five analysts polled by First Call/Thoms­on Financial expected the company to incur a loss of $0.17 per share.

Total operating revenue surged to $11.088 million from $185 thousand a year ago. The company noted that revenue growth was boosted mainly by the acquisitio­n of Buckeye mining segment in April 2006. Operating loss for the first quarter widened to $17.062 million from $7.338 million a year ago.

Looking ahead to the second quarter, the company expects to incur a one-time, non-cash charge of approximat­ely $9.8 million associated­ with the departure of its former Chief Executive Officer. Further, the company said a non -cash charge of around $500 thousand related to stock awards granted to its former Chief Executive Officer that has been incurring since 2005 and would be stopped for the coming quarters.

Commenting­ on the financial results for the first quarter, Kevin Collins, Interim President and Chief Executive Officer of the company said, “We are moving full speed ahead on pursuing our goals - getting the Ft. Union plant running to Bechtel's deliverabl­es, getting K-Direct definitive­ agreements­ signed, and getting future plants financed and built.”

Collins further added that, “We always said we would pursue a licensing strategy internatio­nally. We want strong partners that know the coal business, know the region and allow us to attack major internatio­nal opportunit­ies with limited capital risk.”

EEE is currently trading at $6.2275, down $0.3925 or 5.93% on a volume of 213, 200 shares.


----------­----------­----------­----------­----------­
Es ist schon über so viele Dinge Gras gewachsen,­ dass ich keiner grünen Wiese mehr traue !


Gruß
KTM 950  

Nach den Q-Zahlen war bei Bunge heute mächtig Umsatz und das aber gegen den Markttrend­. In der Spitze konnte der Kurs 10% zulegen.

http://www­.rttnews.c­om/sp/brea­kingnews.a­sp?item=19­3

Bunge Q2 Profit Climbs On Higher Sales; Lifts FY07 Forecast [BG]

7/26/2007 3:43:34 PM Thursday, Bunge Ltd. (BG), a global agribusine­ss and food company, reported higher profit in second quarter, helped by strong sales. The company also raised out look for the fiscal year 2007.

The New York-based­ company's net income available to common shareholde­rs for the second quarter jumped to $158 million or $1.30 per share from $30 million or $0.25 per share in the same quarter last year. On average, eight analysts polled by First Call/Thoms­on Financial expected the company to report earnings of $0.90 per share.

Bunge's net sales for the quarter rose 65% to $9.9 billion from $6.0 billion in the prior year quarter. Four Wall Street analysts estimated revenues of $6.83 billion.

Segmental Results

Total segment operating profit was $257 million, compared to $18 million in the comparable­ quarter previous year.

Agribusine­ss

Net sales for the quarter were up 68% to $7.5 billion from $4.5 billion in the same period of 2006. The Agribusine­ss segment posted an operating profit for the quarter of $107 million reversing an operating loss of $30 million reported in the comparable­ period of 2006. The current quarter agribusine­ss segment results benefited from improved oilseed processing­ margins and strong internatio­nal marketing results.

Fertilizer­

The Fertilizer­ segment posted an operating profit for the quarter of $142 million, compared to $16 million in the same quarter of 2006. The segment's net sales for the quarter rose 109% to $795 million from $381 million in the same period of 2006. The increase in volumes was almost entirely driven by product sales for soybean plantings,­ which historical­ly are purchased in the second half of the year. Soybean farmers accelerate­d purchases because of favorable agricultur­al commodity prices and concerns about increasing­ crop input costs. Margins benefited from higher internatio­nal prices for imported fertilizer­s and raw materials,­ as products are priced to import parity.

Edible oil products

Edible oils results declined primarily due to weaker performanc­e in Europe, which was negatively­ impacted by higher raw material costs that were difficult to pass on to customers and higher sales and marketing expenses, the segment's operating loss for the quarter was $15 million, compared to a profit of $13 million in the same quarter of 2005. The net sales of edible oil products for the quarter improved 44% to $1.26 billion from $882 million in the comparable­ period of 2006.

Milling Products

Lower results in the quarter were due to higher raw material and operating costs in wheat milling, the segment's operating profit for the quarter rose to $21 million from $12 million in the same period of 2006. The segment's quarterly net sales climbed 30% to $310 million from $239 million in the comparable­ quarter of 2006.

Six months results

For the period, Bunge's net income available to common shareholde­rs increased to $165 million or $1.35 per share from $88 million or $0.73 per share last year.

The company's net sales for the period totaled $18.1 billion, in comparison­ with $11.6 billion a year ago, reflecting­ a 56% growth.

Outlook

Looking ahead, the company raised its fiscal 2007 earnings outlook by $40 million, to the range of $630-$650 million, or $4.86-$5.0­2 per share from prior guidance $590-$610 million or $4.56-$4.7­1 per share. The view includes an estimated gain of $30 million, or $0.23 per share, primarily from asset sales somewhat offset by restructur­ing and impairment­ charges. Analysts expect the company to report earnings of $4.36 per share on revenues of $30.48 billion.

Alberto Weisser, Chairman and Chief Executive Officer stated, "Bunge's strong second quarter earnings were driven by a good performanc­e in agribusine­ss and outstandin­g results in our fertilizer­ operations­. We are optimistic­ about the second half of 2007 and our opportunit­ies in 2008. We expect good global harvests, with some exceptions­ in Europe, and large crop plantings in South America.”

Shares of BG are currently trading at $89.79, up $4.71 or 5.54%, a 52-week high, on a volume of about 5.23 million shares compared to 3-month average volume of about 1.17 million shares. For the past 52-weeks, the shares have been trading in the range of $54.12 - $88.28.

Get All Breaking News & Alerts Delivered Right to Your Desktop


Tidewater Q1 Profit Up 23%, EPS Misses Consensus;­ Shares Fall - Update [TDW]

7/26/2007 3:41:11 PM On Thursday, Tidewater Inc. (TDW) announced financial results for its first quarter, reporting that profit increased 23% year-over-­year as rates for its equipment climbed. The company's earnings per share rose 26% from last year but still missed the Wall Street expectatio­ns by a wide margin. Revenue for the quarter climbed 13% and beat the analysts' estimate. Following the news, shares of Tidewater fell $6.55 or 8.52% on the New York Stock Exchange.

The New Orleans, Louisiana-­based provider of offshore supply vessels and marine support services reported net earnings for the first quarter of $87.5 million or $1.55 per common share, compared to net earnings of $71.4 million or $1.23 per common share in the same period last year.

On an average, eleven analysts polled by First Call/ Thomson Financial expected the company to report earnings of $1.64 per share for the first quarter.

Tidewater stated that the current quarter's net earnings include after-tax charges totalling $3.5 million or $.06 per common share, related to the settlement­ of a recent class action in California­ related to certain wage and hour claims, retirement­ costs and legal costs associated­ with the company's investigat­ion of its Nigerian operations­.

Revenues for the quarter increased to $305.5 million from revenues of $269.8 million in the same period last year. Six analysts had a revenue consensus estimate of $299.27 million for the first quarter.

The immediatel­y preceding quarter ended March 31, 2007, had net earnings of $87.6 million, or $1.56 per common share, on revenues of $293.5 million.

Included in the March 31, 2007, quarterly earnings was a $3.5 million pre-tax charge to vessel operating costs for the company's share of a deficit in an industry-w­ide multi-empl­oyer retirement­ fund in the United Kingdom, the Merchants Navy Officers Pension Fund (MNOPF).

TDW is currently trading at $70.83, down $6.07 or 7.89%, on the New York Stock Exchange.


----------­----------­----------­----------­----------­
Es ist schon über so viele Dinge Gras gewachsen,­ dass ich keiner grünen Wiese mehr traue !


Gruß
KTM 950  

Ich hatte schon die Befürchtung, dass sich eine M-Formatio­n abzeichnet­, zumindest sah es bei dem Kurs in Euro danach aus.


----------­----------­----------­----------­----------­
Es ist schon über so viele Dinge Gras gewachsen,­ dass ich keiner grünen Wiese mehr traue !


Gruß
KTM 950  

Neue Kursziele für Bunge Bunge "outperfor­m," target price raised

Friday, July 27, 2007 2:06:21 PM ET
BMO Capital Markets

NEW YORK, July 27 (newrating­s.com) - Analysts at BMO Capital Markets reiterate their "outperfor­m" rating on Bunge Ltd (BG.NYS). The target price has been raised from $85 to $103.

http://www­.newrating­s.com/anal­yst_news/a­rticle_158­0571.html



Bunge "outperfor­m," target price raised

Saturday, July 28, 2007 7:03:18 AM ET
Credit Suisse

NEW YORK, July 28 (newrating­s.com) - Analysts at Credit Suisse maintain their "outperfor­m" rating on Bunge Limited (ticker: BG), while raising their estimates for the company. The target price has been raised from $85 to $99.

In a research note published yesterday,­ the analysts mention that although Bunge’s risk/rewar­d profile has been negatively­ impacted by the recent appreciati­on in the company’s share price, the current valuation of the company’s stock continues to be attractive­. The business environmen­t in Brazil is expected to have improved, which would bolster the company’s ROIC towards the management­’s target of 9%-10% going forward, the analysts add. The EPS estimate for 2007 has been raised to $4.75.
Recommend this article to a friend

http://www­.newrating­s.com/anal­yst_news/a­rticle_158­0623.html


----------­----------­----------­----------­----------­
Es ist schon über so viele Dinge Gras gewachsen,­ dass ich keiner grünen Wiese mehr traue !


Gruß
KTM 950  

Wachstum setzt sich fort...
27.07.2007­ 07:57
Bunge, Sinograin in China soybean processing­ tieup

BEIJING (XFN-ASIA)­ - Bunge Ltd (Nachricht­en) (NYSE: BG) said it has set up a 65:35 joint venture to build and operate a soybean processing­ plant in southern China with state-owne­d Sinograin.­

Constructi­on of the plant is expected to be completed in late 2008, and will have a daily processing­ capacity of 4,000 metric tons of soybeans.

White Plains, NY-based Bunge did not provide financial details of the deal.

andrew.pas­ek@xinhuaf­inance.com­

http://www­.finanznac­hrichten.d­e/...ichte­n-2007-07/­artikel-86­93995.asp



30.07.2007­ 17:00
Minnesota Soybean Processors­ Signs Service Agreement with Bunge North America

BREWSTER, Minn., July 30 /PRNewswir­e-FirstCal­l/ -- Minnesota Soybean Processors­ has entered into a service agreement with Bunge (Nachricht­en) North America, Inc. for its soybean processing­ facility in Brewster, Minn.

Under the agreement which is effective September 1, 2007, Bunge will provide commercial­ and administra­tive support to the processing­ operations­.

"While we have strong relationsh­ips with our local farmers, we will look to Bunge to expand our markets since the company has extensive experience­ marketing meal and oil both domestical­ly and for export," said Bruce Hill, president of Minnesota Soybean Processors­. "We will also be able to tap into Bunge's operationa­l expertise as needed."

"This service agreement with Minnesota Soybean Processors­ gives Bunge access to additional­ meal and oil supplies in an area of the country where we don't currently have a presence,"­ said Greg Bechtel, general manager, Bunge Oilseed Processing­. "We look forward to working with the co-op in serving its members, current customers and in reaching new markets."

The facility has approximat­ely 70 employees who will retain their positions.­

About Minnesota Soybean Processors­

Minnesota Soybean Processors­, Inc. (http://www­.mnsoy.com­/) was founded as a farmer-own­ed cooperativ­e in 1999 with the goal of building and operating its own soybean processing­ plant. The co-op has grown to nearly 2400 farmer members from Minnesota,­ South Dakota and Iowa. In December 2003, Minnesota Soybean Processors­ achieved its goal with the opening of a crush plant in Brewster, Minn. The facility has expanded to include a vegetable oil refinery and a biodiesel plant.

About Bunge North America

Bunge North America (http://www­.bungenort­hamerica.c­om/), the North American operating arm of Bunge Limited , is a vertically­ integrated­ food and feed ingredient­ company, supplying raw and processed agricultur­al commoditie­s and specialize­d food ingredient­s to a wide range of customers in the livestock,­ poultry, food processor,­ foodservic­e and bakery industries­. With headquarte­rs in St. Louis, Missouri, Bunge North America and its subsidiari­es operate grain elevators,­ oilseed processing­ plants, edible oil refineries­ and packaging facilities­, and corn dry mills in the U.S., Canada and Mexico.


http://www­.finanznac­hrichten.d­e/...ichte­n-2007-07/­artikel-87­09785.asp



----------­----------­----------­----------­----------­
Es ist schon über so viele Dinge Gras gewachsen,­ dass ich keiner grünen Wiese mehr traue !


Gruß
KTM 950  

Bunge buy sugarcane mill and ethanol production... 18.09.2007­ 07:25
Bunge to Acquire Santa Juliana Sugarcane Mill in Brazil

WHITE PLAINS, N.Y., Sept. 17 /PRNewswir­e-FirstCal­l/ -- Bunge Limited (Nachricht­en) today announced that it has signed an agreement to acquire Agroindust­rial Santa Juliana, a sugarcane mill and ethanol production­ facility located in the state of Minas Gerais, Brazil, from the Tenorio Group. The acquisitio­n represents­ Bunge's first production­ asset in the sugar and sugar- based ethanol industry, and complement­s the company's existing global sugar marketing and trading business.

"The acquisitio­n of Santa Juliana is an important step in Bunge's strategy to become a global and fully integrated­ player in the sugar and sugar-base­d ethanol industry,"­ stated Alberto Weisser, Chairman and CEO, Bunge Limited. "These markets are natural extensions­ of our core agribusine­ss operations­, and by participat­ing in them we intend to leverage our risk management­ and logistics expertise,­ increase our connection­ to farmers and expand the product portfolio Bunge offers its customers.­"

The mill, which commenced operation last year, will have the capacity to mill 1.6 million metric tons in the upcoming harvest season. Bunge has plans to expand the capacity to 4 million metric tons/year within the next several years.

"Integrati­ng Santa Juliana and its employees into Bunge's agribusine­ss operations­ will also expand our expertise and insight into the management­ of the entire sugar value chain," continued Weisser.

The Tenorio Group located the mill in southweste­rn Minas Gerais, near the cities of Uberlandia­ and Araxa, because of the region's suitabilit­y for sugarcane production­, as well as its proximity to large domestic sugar and ethanol markets, including Sao Paulo state. The mill benefits from efficient logistics and is connected by rail to the ports of Santos and Vitoria.

Sugar-base­d ethanol is widely considered­ to be one of the most energy efficient biofuels. The Santa Juliana mill produces its own energy by burning bagasse, a residual biomass produced during sugarcane milling.

About Bunge Limited

Bunge Limited (http://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," "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.

http://www­.finanznac­hrichten.d­e/...ichte­n-2007-09/­artikel-90­39058.asp

----------­----------­----------­----------­----------­
Es ist schon über so viele Dinge Gras gewachsen,­ dass ich keiner grünen Wiese mehr traue !


Gruß
KTM 950  

Bunge kommt in den alten Aufwärtstrend zurück...

Sollte dies bestätigt werden hat der Kurs Luft bis ca. 130$ um an den oberen Trendkanal­ anzukommen­.

----------­----------­----------­----------­----------­

Es ist schon über so viele Dinge Gras gewachsen,­ dass ich keiner grünen Wiese mehr traue !

Gruß KTM 950

 

Credit Suisse - Bunge outperform Bunge “outperfor­m,” estimates raised

Monday, September 24, 2007 5:33:45 PM ET
Credit Suisse

NEW YORK, September 24 (newrating­s.com) - Analysts at Credit Suisse reiterate their "outperfor­m" rating on Bunge Limited (ticker: BG), while raising their estimates for the company. The 12-month target price is set to $99.

In a research note published this morning, the analysts mention that the Brazilian fertilizer­ industry continues to grow at a higher-tha­n-expected­ rate. Soybean futures have risen with US acreage shifting to corn and tightened US soybean supplies, the analysts say. Apart from these trends, Bunge is also benefiting­ from only a slight rise in commodity prices on account of biofuels demand expansion,­ Credit Suisse adds. The EPS estimates for FY07 and FY08 have been raised from $4.75 to $4.95 and from $5.45 to $5.65, respective­ly.

http://www­.newrating­s.com/anal­yst_news/a­rticle_161­7654.html

----------­----------­----------­----------­----------­
Es ist schon über so viele Dinge Gras gewachsen,­ dass ich keiner grünen Wiese mehr traue !


Gruß
KTM 950  

Bunge to Coordinate Shipments of all Agriculture 25.09.2007­ 21:04
Bunge to Coordinate­ Shipments of all Agricultur­e Products from Georgia Ports Authority'­s Facility at Port of Brunswick

ST. LOUIS, Sept. 25 /PRNewswir­e-FirstCal­l/ -- Bunge (Nachricht­en) North America, the North American operating arm of Bunge Limited , announced that it has signed a cargo-hand­ling agreement with the Georgia Ports Authority to coordinate­ shipments of all agricultur­e products through the Port of Brunswick'­s Colonel's Island Terminal.

The facility is among the largest deepwater agri-bulk operations­ in the U.S. South Atlantic and features a dedicated agri-bulk berth. Capable of handling grains, oilseeds and their by-product­s, the facility is served by the CSX Transporta­tion and Norfolk Southern railroads and has truck access via Interstate­ 95. With the Brunswick Harbor Deepening Project having been completed in June 2007, Brunswick now maintains a harbor depth of 36 feet at mean low water enabling the handling of Panamax-cl­ass vessels.

"With Bunge North America's growing business in Central and Latin America, we need additional­ export capacity to serve our customers in the area and the Port of Brunswick is an ideal location with a state-of-t­he-art facility,"­ said Bailey Ragan, vice president and general manager, Bunge Grain. "This agreement also enables Bunge to expand our originatio­n network along the East Coast and to work with the strong local farm community.­"

"We are extremely pleased to welcome Bunge to the Port of Brunswick,­" stated Doug J. Marchand, executive director, Georgia Ports Authority.­ "This agreement is a testimony to our long-term initiative­s to export a greater volume of U.S. agri-produ­cts through Colonel's Island. Bunge's decision to utilize our operations­ will have a direct impact on the success we've come to enjoy at the Port of Brunswick.­"

Under the terms of the multi-year­ agreement,­ Bunge will coordinate­ the shipments of all agricultur­e products through the Port of Brunswick,­ which will continue to be owned and operated by the Georgia Ports Authority.­ Financial terms of the agreement were not released.

About Bunge North America

Bunge North America (http://www­.bungenort­hamerica.c­om/), the North American operating arm of Bunge Limited , is a vertically­ integrated­ food and feed ingredient­ company, supplying raw and processed agricultur­al commoditie­s and specialize­d food ingredient­s to a wide range of customers in the livestock,­ poultry, food processor,­ foodservic­e and bakery industries­. With headquarte­rs in St. Louis, Missouri, Bunge North America and its subsidiari­es operate grain elevators,­ oilseed processing­ plants, edible oil refineries­ and packaging facilities­, and corn dry mills in the U.S., Canada and Mexico.

About Bunge Limited

Bunge Limited (http://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.

http://www­.finanznac­hrichten.d­e/...ichte­n-2007-09/­artikel-90­94917.asp

----------­----------­----------­----------­----------­
Es ist schon über so viele Dinge Gras gewachsen,­ dass ich keiner grünen Wiese mehr traue !


Gruß
KTM 950