-----BEGIN PRIVACY-ENHANCED MESSAGE-----
Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
Originator-Key-Asymmetric:
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 TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB
MIC-Info: RSA-MD5,RSA,
 OVKVEYY3yfePkichvkB2k6xNnx7E5DRxwIEiM8eVeQtE5Ou0fx9Kmd3cavIvlPsU
 kdQr8uw48VQqqutVUsoyWQ==

<SEC-DOCUMENT>0001285986-04-000001.txt : 20040629
<SEC-HEADER>0001285986-04-000001.hdr.sgml : 20040629
<ACCEPTANCE-DATETIME>20040629152358
ACCESSION NUMBER:		0001285986-04-000001
CONFORMED SUBMISSION TYPE:	3
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20040621
FILED AS OF DATE:		20040629

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			GWATHMEY ARCHIBOLD
		CENTRAL INDEX KEY:			0001285986

	FILING VALUES:
		FORM TYPE:		3
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-16625
		FILM NUMBER:		04888495

	MAIL ADDRESS:	
		STREET 1:		BUNGE LTD.
		STREET 2:		50 MAIN STREET
		CITY:			WHITE PLAINS
		STATE:			NY
		ZIP:			10606

ISSUER:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			BUNGE LTD
		CENTRAL INDEX KEY:			0001144519
		STANDARD INDUSTRIAL CLASSIFICATION:	FATS & OILS [2070]
		IRS NUMBER:				000000000
		FISCAL YEAR END:			1231

	BUSINESS ADDRESS:	
		STREET 1:		50 MAIN STREET
		CITY:			WHITE PLAINS
		STATE:			NY
		ZIP:			10606
		BUSINESS PHONE:		9146842800

	MAIL ADDRESS:	
		STREET 1:		50 MAIN STREET
		CITY:			WHITE PLAINS
		STATE:			NY
		ZIP:			10606
</SEC-HEADER>
<DOCUMENT>
<TYPE>3
<SEQUENCE>1
<FILENAME>c0001285986d20040629f3f.xml
<DESCRIPTION>PRIMARY DOCUMENT
<TEXT>
<XML>
<?xml version="1.0"?>
<ownershipDocument>

    <schemaVersion>X0202</schemaVersion>

    <documentType>3</documentType>

    <periodOfReport>2004-06-21</periodOfReport>

    <noSecuritiesOwned>0</noSecuritiesOwned>

    <issuer>
        <issuerCik>0001144519</issuerCik>
        <issuerName>BUNGE LTD</issuerName>
        <issuerTradingSymbol>BG</issuerTradingSymbol>
    </issuer>

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001285986</rptOwnerCik>
            <rptOwnerName>GWATHMEY ARCHIBOLD</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>BUNGE LTD.</rptOwnerStreet1>
            <rptOwnerStreet2>50 MAIN STREET</rptOwnerStreet2>
            <rptOwnerCity>WHITE PLAINS</rptOwnerCity>
            <rptOwnerState>NY</rptOwnerState>
            <rptOwnerZipCode>10606</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isDirector>0</isDirector>
            <isOfficer>1</isOfficer>
            <isTenPercentOwner>0</isTenPercentOwner>
            <isOther>0</isOther>
            <officerTitle>Executive Committee</officerTitle>
            <otherText></otherText>
        </reportingOwnerRelationship>
    </reportingOwner>

    <nonDerivativeTable>
        <nonDerivativeHolding>
            <securityTitle>
                <value>Common Stock</value>
            </securityTitle>
            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>18285</value>
                </sharesOwnedFollowingTransaction>
            </postTransactionAmounts>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>D</value>
                </directOrIndirectOwnership>
                <natureOfOwnership>
                    <value></value>
                </natureOfOwnership>
            </ownershipNature>
        </nonDerivativeHolding>
    </nonDerivativeTable>

    <derivativeTable>
        <derivativeHolding>
            <securityTitle>
                <value>Stock Options (Right to buy)</value>
            </securityTitle>
            <conversionOrExercisePrice>
                <value>15.875</value>
            </conversionOrExercisePrice>
            <exerciseDate>
                <value>2002-05-01</value>
                <footnoteId id="F1"/>
            </exerciseDate>
            <expirationDate>
                <value>2011-05-01</value>
            </expirationDate>
            <underlyingSecurity>
                <underlyingSecurityTitle>
                    <value>Common Stock</value>
                </underlyingSecurityTitle>
                <underlyingSecurityShares>
                    <value>26857</value>
                </underlyingSecurityShares>
            </underlyingSecurity>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>D</value>
                </directOrIndirectOwnership>
                <natureOfOwnership>
                    <value></value>
                </natureOfOwnership>
            </ownershipNature>
        </derivativeHolding>
        <derivativeHolding>
            <securityTitle>
                <value>Stock Options (Right to buy)</value>
            </securityTitle>
            <conversionOrExercisePrice>
                <value>16</value>
            </conversionOrExercisePrice>
            <exerciseDate>
                <value>2002-08-03</value>
                <footnoteId id="F2"/>
            </exerciseDate>
            <expirationDate>
                <value>2011-08-03</value>
            </expirationDate>
            <underlyingSecurity>
                <underlyingSecurityTitle>
                    <value>Common Stock</value>
                </underlyingSecurityTitle>
                <underlyingSecurityShares>
                    <value>26666</value>
                </underlyingSecurityShares>
            </underlyingSecurity>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>D</value>
                </directOrIndirectOwnership>
                <natureOfOwnership>
                    <value></value>
                </natureOfOwnership>
            </ownershipNature>
        </derivativeHolding>
        <derivativeHolding>
            <securityTitle>
                <value>Stock Options (Right to buy)</value>
            </securityTitle>
            <conversionOrExercisePrice>
                <value>18.875</value>
            </conversionOrExercisePrice>
            <exerciseDate>
                <value>2001-05-01</value>
                <footnoteId id="F3"/>
            </exerciseDate>
            <expirationDate>
                <value>2010-05-01</value>
            </expirationDate>
            <underlyingSecurity>
                <underlyingSecurityTitle>
                    <value>Common Stock</value>
                </underlyingSecurityTitle>
                <underlyingSecurityShares>
                    <value>13280</value>
                </underlyingSecurityShares>
            </underlyingSecurity>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>D</value>
                </directOrIndirectOwnership>
                <natureOfOwnership>
                    <value></value>
                </natureOfOwnership>
            </ownershipNature>
        </derivativeHolding>
        <derivativeHolding>
            <securityTitle>
                <value>Stock Options (Right to buy)</value>
            </securityTitle>
            <conversionOrExercisePrice>
                <value>21.61</value>
            </conversionOrExercisePrice>
            <exerciseDate>
                <value>2003-05-24</value>
                <footnoteId id="F4"/>
            </exerciseDate>
            <expirationDate>
                <value>2012-05-24</value>
            </expirationDate>
            <underlyingSecurity>
                <underlyingSecurityTitle>
                    <value>Common Stock</value>
                </underlyingSecurityTitle>
                <underlyingSecurityShares>
                    <value>45000</value>
                </underlyingSecurityShares>
            </underlyingSecurity>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>D</value>
                </directOrIndirectOwnership>
                <natureOfOwnership>
                    <value></value>
                </natureOfOwnership>
            </ownershipNature>
        </derivativeHolding>
        <derivativeHolding>
            <securityTitle>
                <value>Stock Options (Right to buy)</value>
            </securityTitle>
            <conversionOrExercisePrice>
                <value>25.22</value>
            </conversionOrExercisePrice>
            <exerciseDate>
                <value>2004-03-13</value>
                <footnoteId id="F5"/>
            </exerciseDate>
            <expirationDate>
                <value>2013-03-13</value>
            </expirationDate>
            <underlyingSecurity>
                <underlyingSecurityTitle>
                    <value>Common Stock</value>
                </underlyingSecurityTitle>
                <underlyingSecurityShares>
                    <value>37000</value>
                </underlyingSecurityShares>
            </underlyingSecurity>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>D</value>
                </directOrIndirectOwnership>
                <natureOfOwnership>
                    <value></value>
                </natureOfOwnership>
            </ownershipNature>
        </derivativeHolding>
        <derivativeHolding>
            <securityTitle>
                <value>Stock Options (Right to buy)</value>
            </securityTitle>
            <conversionOrExercisePrice>
                <value>37.08</value>
            </conversionOrExercisePrice>
            <exerciseDate>
                <value>2005-03-11</value>
                <footnoteId id="F6"/>
            </exerciseDate>
            <expirationDate>
                <value>2014-03-11</value>
            </expirationDate>
            <underlyingSecurity>
                <underlyingSecurityTitle>
                    <value>Common Stock</value>
                </underlyingSecurityTitle>
                <underlyingSecurityShares>
                    <value>37000</value>
                </underlyingSecurityShares>
            </underlyingSecurity>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>D</value>
                </directOrIndirectOwnership>
                <natureOfOwnership>
                    <value></value>
                </natureOfOwnership>
            </ownershipNature>
        </derivativeHolding>
    </derivativeTable>

    <footnotes>
        <footnote id="F1">This option is exercisable in three equal annual installments beginning on May 1, 2002.</footnote>
        <footnote id="F2">This option is exercisable in three equal annual installments beginning on August 3, 2002.</footnote>
        <footnote id="F3">This option is exercisable in three equal annual installments beginning on May 1, 2001.</footnote>
        <footnote id="F4">This option is exercisable in three equal annual installments beginning on May 24, 2003.</footnote>
        <footnote id="F5">This option is exercisable in three equal annual installments beginning on March 13, 2004.</footnote>
        <footnote id="F6">This option is exercisable in three equal annual installments beginning on March 11, 2005.</footnote>
    </footnotes>

    <ownerSignature>
        <signatureName>Thomas F. Albert, Attorney in Fact</signatureName>
        <signatureDate>2004-06-29</signatureDate>
    </ownerSignature>
</ownershipDocument>

</XML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-24
<SEQUENCE>2
<FILENAME>powerofattorney.txt
<DESCRIPTION>POWER OF ATTORNEY DOCUMENT
<TEXT>
POWER OF ATTORNEY

KNOW ALL PERSONS BY THESE PRESENTS, that the person whose signature appears
below (the "Undersigned") does hereby nominate, constitute and appoint each
of Carla Heiss and Tom Albert (individually, an "Attorney-in-Fact") as the
Undersigned's true and lawful agent and attorney-in-fact, with full power
and authority of substitution and revocation and to act singly hereunder, in
the discretion of such Attorney-in-Fact, in the name of and on behalf of the
Undersigned as fully as the Undersigned could if the Undersigned were
present and acting in person, to perform any and all acts that may be
necessary or desirable to complete, make and execute any and all required or
voluntary filings (the "Filings") under Section 16(a) of the Securities
Exchange Act of 1934, as amended (the "Exchange Act"), and the applicable
rules and regulations thereunder, with the Securities and Exchange
Commission, the New York Stock Exchange, Bunge Limited (the "Company"), and
any other person or entity to which such filings may be required under
Section 16(a) of the Exchange Act as a result of the Undersigned's position
as an officer and/or director of the Company or the Undersigned's
"Beneficial Ownership" (within the meaning of Section 16(a) of the Exchange
Act) of more than ten percent of any class of equity securities of the
Company.

The Undersigned hereby consents to, ratifies and confirms all that the said
Attorney-in-Fact shall do or cause to be done by virtue of this Power of
Attorney.  The Undersigned hereby acknowledges that the Attorney-in-Fact, in
serving in such capacity at the request of the Undersigned, is not assuming,
nor is the Company assuming, any of the Undersigned's responsibilities to
comply with Section 16 of the Exchange Act.

This Power of Attorney shall remain in full force and effect from this date
forward for the term of the Undersigned's service as an officer and/or
director of the Company or the Undersigned's Beneficial Ownership of more
than ten percent of any class of equity securities of the Company and for
such time thereafter as may be necessary to make any such filings, unless
earlier revoked or modified by the Undersigned in writing.  The Undersigned
hereby revokes all prior powers of attorney relating to the foregoing acts.

IN WITNESS WHEREOF, the Undersigned has hereunto signed this Power of
Attorney this 13th day of February, 2004.

By: /s/ Archie Gwathmey
Name: Archie Gwathmey

</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
-----END PRIVACY-ENHANCED MESSAGE-----
