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                                                                 EXHIBIT 2



[BUNGE LOGO]


                                        Contact:  Hunter Smith
                                                  Bunge Limited
                                                  1-914-684-3450
                                                  hsmith@bunge.com




             BUNGE LIMITED DECLARES FIRST QUARTERLY CASH DIVIDEND


WHITE PLAINS, NY - OCTOBER 22, 2001 - BUNGE LIMITED (NYSE: BG) announced that
its Board of Directors declared a quarterly cash dividend of $0.095 per
share.  The dividend is payable on Thursday, November 29, 2001 to
shareholders of record on Thursday, November 15, 2001.  This is Bunge's first
dividend since its August 1, 2001 initial public offering.  The Company had
83,155,100 common shares outstanding on September 30, 2001.

ABOUT BUNGE

Bunge Limited is an integrated, global agribusiness and food company
operating in the farm-to-consumer food chain with primary operations in North
and South America and worldwide distribution capabilities. Headquartered in
White Plains, NY, Bunge has over 17,000 employees and operations in 17
countries. The Company is the largest processor of soybeans in the Americas
and the largest producer and supplier of fertilizers to farmers in Latin
America.



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