
                                                                       Exhibit 1

                                              Contact:   Susie Ter-Jung
                                                         Bunge Limited
                                                         1-914-684-3398
                                                         susieter-jung@bunge.com


                BUNGE ANNOUNCES PRICING OF SENIOR NOTES OFFERING

WHITE PLAINS, NY - December 10, 2003 - Bunge Limited (NYSE: BG) announced today
that it has priced an offering pursuant to Rule 144A and Regulation S of the
Securities Act of 1933, as amended, of $500 million aggregate principal amount
of 4.375% senior notes due 2008. The senior notes will be issued by Bunge's
wholly owned subsidiary, Bunge Limited Finance Corp., and guaranteed by Bunge.

Bunge intends to use the net proceeds from the offering to reduce outstanding
indebtedness.

This press release does not constitute an offer to sell or the solicitation of
an offer to buy any securities. The senior notes have not been registered under
the Securities Act and may not be offered or sold in the United States absent
registration or an applicable exemption from registration requirements.

About Bunge Limited

Bunge Limited (www.bunge.com) is an integrated, global agribusiness and food
company operating in the farm-to-consumer food chain with worldwide distribution
capabilities and primary operations in North America, South America and Europe.
Founded in 1818 and headquartered in White Plains, New York, Bunge has 24,000
employees and locations in 29 countries. Bunge is the world's leading oilseed
processing company, 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. We have
tried to identify these forward-looking statements by using words including
"may," "will," "expect," "anticipate," "believe," "intend," "estimate" and
"continue" and similar expressions. These forward-looking statements involve
known and unknown risks, uncertainties and other factors that could cause our
actual results, performance, prospects or opportunities 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 consummate this transaction, our ability
to complete, integrate and benefit from acquisitions, divestitures, joint
ventures and alliances; estimated demand for commodities and other products that
we sell and use in our business; industry conditions, including the cyclicality
of the agribusiness industry; 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.

