<SUBMISSION>
<ACCESSION-NUMBER>0000947871-04-000004
<TYPE>6-K
<PUBLIC-DOCUMENT-COUNT>2
<PERIOD>20040102
<FILING-DATE>20040105
<FILER>
<COMPANY-DATA>
<CONFORMED-NAME>BUNGE LTD
<CIK>0001144519
<ASSIGNED-SIC>2070
<IRS-NUMBER>000000000
<FISCAL-YEAR-END>1231
</COMPANY-DATA>
<FILING-VALUES>
<FORM-TYPE>6-K
<ACT>34
<FILE-NUMBER>001-16625
<FILM-NUMBER>04501803
</FILING-VALUES>
<BUSINESS-ADDRESS>
<STREET1>50 MAIN STREET
<CITY>WHITE PLAINS
<STATE>NY
<ZIP>10606
<PHONE>9146842800
</BUSINESS-ADDRESS>
<MAIL-ADDRESS>
<STREET1>50 MAIN STREET
<CITY>WHITE PLAINS
<STATE>NY
<ZIP>10606
</MAIL-ADDRESS>
</FILER>
<DOCUMENT>
<TYPE>6-K
<SEQUENCE>1
<FILENAME>f6k_010204.txt
<DESCRIPTION>REPORT OF FOREIGN PRIVATE ISSUER
<TEXT>
                                    FORM 6-K

                       SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549

                        Report of Foreign Private Issuer

                      Pursuant to Rule 13a-16 or 15d-16 of
                       the Securities Exchange Act of 1934


                                 January 2, 2004

                        Commission File Number 001-16625


                                  BUNGE LIMITED

                 (Translation of registrant's name into English)

                                 50 Main Street
                          White Plains, New York 10606
                    (Address of principal executive offices)

         Indicate by check mark whether the registrant files or will file annual
reports under cover of Form 20-F or Form 40-F:

                           Form 20-F X  Form 40-F
                                    ---          ---

         Indicate by check mark if the registrant is submitting the Form 6-K in
paper as permitted by Regulation S-T Rule 101(b)(1):

         Indicate by check mark if the registrant is submitting the Form 6-K in
paper as permitted by Regulation S-T Rule 101(b)(7):

         Indicate by check mark whether by furnishing the information contained
in this Form the registrant is also thereby furnishing the information to the
Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934.

                            Yes          No X
                               ---         ---

         If "Yes" is marked, indicate below the file number assigned to the
registrant with Rule 12g3-2(b): 82-


<PAGE>


This report on Form 6-K shall be incorporated by reference into the Registration
Statements on Form F-3 (Registration Nos. 333-104974, 333-106182, 333-107376,
333-108441-01 and 333-109309), as amended, and the Registration Statement on
Form F-4 (Registration Statement No. 333-108462), as amended, filed by Bunge
Limited Finance Corp. and Bunge Limited under the Securities Act of 1933, as
amended, and the Registration Statements on Form S-8 (Registration Nos.
333-66594, 333-75762, 333-76938 and 333-109446) filed by Bunge Limited under the
Securities Act of 1933, to the extent not superseded by documents or reports
subsequently filed under the Securities Act of 1933 or the Securities Exchange
Act of 1934, as amended.


<PAGE>


                                  EXHIBIT INDEX

Exhibit 1     Press release, dated January 2, 2004, announcing that Bunge
              Limited's subsidiary Bunge North America has completed the sale of
              its bakery business to Dawn Food Products.

<PAGE>


                                   SIGNATURES

         Pursuant to the requirements of the Securities Exchange Act of 1934,
the registrant has duly caused this report to be signed on its behalf by the
undersigned, thereunto duly authorized.



                                                BUNGE LIMITED



Date: January 2, 2004                           By:/s/William M. Wells
                                                   -----------------------------
                                                   William M. Wells
                                                   Chief Financial Officer

</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-1
<SEQUENCE>3
<FILENAME>ex1to6k_010204.txt
<DESCRIPTION>PRESS RELEASE
<TEXT>
                                                                       Exhibit 1


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




             Bunge Limited Subsidiary Bunge North America Completes
                  Sale of Bakery Business to Dawn Food Products

WHITE PLAINS, NY- January 2, 2004 - Bunge Limited (NYSE: BG) subsidiary Bunge
North America successfully completed the sale of its U.S. bakery business to
Dawn Food Products, Inc., on December 31, 2003.

Cash proceeds from the transaction were approximately $82 million, including an
adjustment for working capital. After transaction-related expenses, Bunge will
recognize a gain on the sale of approximately $2 million, net of tax, or
approximately $0.02 per fully diluted share, based on 100.9 million fully
diluted shares outstanding as of September 30, 2003.

About Bunge

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.

About Bunge North America

Bunge North America (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,
grain and oilseed processing plants, and edible oil refineries and packaging
facilities in the U.S., Canada and Mexico.


                                       ###


</TEXT>
</DOCUMENT>
</SUBMISSION>
