
                                                                    Exhibit 99.1


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



                        Bunge Subsidiary Signs Agreement
                        To Purchase Kama Foods in Poland


WHITE PLAINS, NY - March 2, 2004 - Bunge Limited (NYSE: BG), an integrated,
global agribusiness and food company, today announced that its European
operating arm, Bunge Europe, has signed a preliminary agreement to acquire
Polish edible oil and margarine producer Kama Foods from bankruptcy
receivership, through EWICO, a limited liability company in Poland. Bunge Europe
owns a 50 percent stake in EWICO, with the remaining shares owned by an
individual investor.

"This strategic acquisition is part of Bunge's continued expansion in Eastern
Europe," said Jean-Louis Gourbin, CEO of Bunge Europe. "It will allow Bunge to
build closer relationships with farmers and to better serve customers and
consumers in Poland."

Under the terms of the agreement, EWICO will purchase the assets of Kama Foods
free and clear of all debts and liabilities for approximately 81 million PLN
(approximately US$21.3 million), with 20 million PLN (approximately US$5.3
million) payable on execution of the preliminary agreement. The transaction is
expected to close by the end of June 2004, at which time EWICO will pay the
outstanding balance. Beginning March 1st until the transaction closes, EWICO
will operate Kama Foods under a lease agreement.

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. Founded in 1818 and headquartered in White Plains, New York, Bunge
has 23,000 employees and locations in 30 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 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


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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.


