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Exhibit 25.1

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

FORM T-1

STATEMENT OF ELIGIBILITY UNDER THE
TRUST INDENTURE ACT OF 1939 OF A CORPORATION
DESIGNATED TO ACT AS TRUSTEE

CHECK IF AN APPLICATION TO DETERMINE ELIGIBILITY OF A TRUSTEE
PURSUANT TO SECTION 305(b)(2)    o

SUNTRUST BANK
(Exact name of trustee as specified in its charter)

303 Peachtree Street
30th Floor
Atlanta, Georgia
(Address of principal executive offices)		   30308
(Zip Code)		   58-0466330
(I.R.S. employer identification no.)

Esther Fannin
SunTrust Bank
25 Park Place, N.E.
24th Floor
Atlanta, Georgia 30303-2900
(404) 588-7063
(Name, address and telephone number of agent for service)

Delaware
(State or other jurisdiction of
incorporation or organization)		   Bunge Limited Finance Corp.
(exact name of obligor as specified
in its charter)		   26-002-1554
(IRS employer identification no.)

Bermuda
(State or other jurisdiction of
incorporation or organization)
 
Bunge Limited
(exact name of obligor as specified
in its charter)
 
98-0231912
(IRS employer identification no.)

50 Main Street
White Plains, New York
(Address of principal executive offices)
 
 
 
10606
(Zip Code)
    5.35% Senior Notes due 2014
(Title of the indenture securities)		    

1.
General information.

        Furnish the following information as to the trustee-

2.
Affiliations with Obligor.

        If the obligor is an affiliate of the trustee, describe each such affiliation.

        None.

3-12
No responses are included for Items 3 through 12. Responses to those Items are not required because, as provided in General Instruction B and as set forth in Item 13(b), the obligor is not in default on any securities issued under indentures under which SunTrust Bank is a trustee.

13.
Defaults by the Obligor.

(a)
State whether there is or has been a default with respect to the securities under this indenture. Explain the nature of any such default.

        There is not and has not been any default under this indenture.

        There has not been any such default.

14-15
No responses are included for Items 14 and 15. Responses to those Items are not required because, as provided in General Instruction (b) to Item 13, the obligor is not in default in default on any securities issued under indentures under which SunTrust Bank is a trustee.

16.
List of Exhibits.


SIGNATURE

        Pursuant to the requirements of the Trust Indenture Act of 1939 the trustee, SunTrust Bank, a banking corporation organized and existing under the laws of the State of Georgia, has duly caused this statement of eligibility and qualification to be signed on its behalf by the undersigned, thereunto duly authorized, all in the City of Atlanta and the State of Georgia, on the 12th day of August, 2004.

 
    
    
    SUNTRUST BANK

 
 
By:
 
/s/  ESTHER FANNIN      
Esther Fannin
Trust Officer

EXHIBIT 1 TO FORM T-1


ARTICLES OF ASSOCIATION
OF
SUNTRUST BANK

(Incorporated by reference to Exhibit 1 to Form T-1, Registration No. 333-82717 filed by ONEOK, Inc.)

EXHIBIT 2 TO FORM T-1


CERTIFICATE OF AUTHORITY
OF
SUNTRUST BANK TO COMMENCE BUSINESS

(Included in Exhibit 1)

EXHIBIT 3 TO FORM T-1


AUTHORIZATION
OF
SUNTRUST BANK TO EXERCISE
CORPORATE TRUST POWERS

(Included in Exhibit 1)

EXHIBIT 4 TO FORM T-1


BY-LAWS
OF
SUNTRUST BANK

(Incorporated by reference to Exhibit 4 to Form T-1, Registration No. 333-82717 filed by ONEOK, Inc.)

EXHIBIT 5 TO FORM T-1


(INTENTIONALLY OMITTED. NOT APPLICABLE.)

EXHIBIT 6 TO FORM T-1


CONSENT OF TRUSTEE

        Pursuant to the requirements of Section 321(b) of the Trust Indenture Act of 1939, in connection with the proposed issuance of 5.35% Senior Notes due 2014 of Bunge Limited Finance Corp., to be guaranteed by Bunge Limited, SunTrust Bank hereby consents that reports of examinations by Federal, State, Territorial or District Authorities may be furnished by such authorities to the Securities and Exchange Commission upon request therefor.

 
    
    
    SUNTRUST BANK

 
 
By:
 
/s/  ESTHER FANNIN      
Esther Fannin
Trust Officer

EXHIBIT 7 TO FORM T-1


REPORT OF CONDITION
(ATTACHED)

SunTrust Bank
ATLANTA
Certificate Number: 00867		   FFIEC 031
Consolidated Report of Condition
for June 30, 2004

Consolidated Report of Condition for Insured Commercial
and State-Chartered Savings Banks for June 30, 2004

All schedules are to be reported in thousands of dollars. Unless otherwise
indicated, report the amount outstanding as of the last business day of the quarter.

Schedule RC—Balance Sheet   C400
Dollar Amounts in Thousands
ASSETS           RCFD        
1.   Cash and balances due from depository institutions (from Schedule RC-A):                    
    a.   Non-interest bearing balances and currency and coin (1)           0081   4,194,416   1.a
    b.   Interest-bearing balances (2)           0071   21,915   1.b
2.   Securities:                    
    a.   Held-to-maturity securities (from Schedule RC-B, column A)           1754   0   2.a
    b.   Available-for-sale securities (from Schedule RC-B, column D)           1773   23,009,751   2.b
3.   Federal funds sold and securities purchased under agreements to resell:           RCON        
    a.   Federal funds sold in domestic offices           B987   357,925   3.a
                    RCFD        
    b.   Securities purchased under agreements to resell (3)           B989   3,578,775   3.b
4.   Loans and lease financing receivables (from Schedule RC-C):                    
    a.   Loans and leases held for sale           5369   5,030,617   4.a
    b.   Loans and leases, net of unearned income   B528   82,439,174           4.b
    c.   LESS: Allowance for loan and lease losses   3123   938,733           4.c
    d.   Loans and leases, net of unearned income and allowance (item 4.b minus 4.c)           B529   81,500,441   4.d
5.   Trading assets (from Schedule RC-D)           3545   1,198,917   5
6.   Premises and fixed assets (including capitalized leases)           2145   1,375,533   6
7.   Other real estate owned (from Schedule RC-M)           2150   20,827   7
8.   Investments in unconsolidated subsidiaries and associated companies (from Schedule RC-M)           2130   0   8
9.   Customers' liability to this bank on acceptances outstanding           2155   25,849   9
10.   Intangible assets:                   10
    a.   Goodwill           3163   886,405   10.a
    b.   Other intangible assets from Schedule RC-M           0426   613,708   10.b
11.   Other assets (from Schedule RC-F)           2160   4,065,518   11
12.   Total assets (sum of items 1 through 11)           2170   125,880,597   12
(1)
Includes cash items in process of collection and unposted debits.

(2)
Include time certificates of deposit not held for trading.

(3)
Includes all securities resale agreements in domestic and foreign offices, regardless of maturity.

SunTrust Bank
Certificate Number: 00867		   FFIEC 031
Schedule RC—Continued    
Dollar Amounts in Thousands
LIABILITIES           RCON        
13.   Deposits:                    
    a.   In domestic offices (sum of totals of columns A and C from Schedule RC-E, part I):           2200   78,171,321   13.a
        (1)  Noninterest-bearing (1)   6631   11,214,162           13.a.1
        (2)  Interest-bearing   6636   66,957,159           13.a.2
    b.   In foreign offices, Edge and Agreement subsidiaries, and IBFs           RCFN        
        (from Schedule RC-E, part II)           2200   7,633,771   13.b
        (1)  Noninterest-bearing   6631   0           13.b.1
        (2)  Interest-bearing   6636   7,633,771           13.b.2
14.   Federal funds purchased and securities sold under agreements to repurchase:           RCON        
    a.   Federal funds purchased in domestic offices (2)           B993   1,826,284   14.a
                    RCFD        
    b.   Securities sold under agreements to repurchase (3)           B995   8,933,552   14.b
15.   Trading liabilities (from Schedule RC-D)           3548   1,043.323   15
16.   Other borrowed money (includes mortgage indebtedness and obligations under capitalized leases) (from Schedule RC-M)           3190   12,892,704   16
17.   Not applicable                    
18.   Bank's liability on acceptances executed and outstanding           2920   25,849   18
19.   Subordinated notes and debentures (4)           3200   2,149,384   19
20.   Other liabilities (from Schedule RC-G)           2930   2,177,105   20
21.   Total liabilities (sum of items 13 through 20)           2948   114,853,293   21
22.   Minority interest in consolidated subsidiaries           3000   967,608   22

 
 
EQUITY CAPITAL
 
 
 
 
 
 
 
 
 
 
23.   Perpetual preferred stock and related surplus           3838   0   23
24.   Common stock           3230   21,600   24
25.   Surplus (exclude all surplus related to preferred stock)           3839   3,245,229   25
26.   a.   Retained earnings           3632   6,060,212   26.a
    b.   Accumulated other comprehensive income (5)           B530   732,655   26.b
27.   Other equity capital components (6)           A130   0   27
28.   Total equity capital (sum of items 23 through 27)           3210   10,059,696   28
29.   Total liabilities, minority interest, and equity capital (sum of items 21, 22 and 28)           3300   125,880,597   29

 
 

Memorandum To be reported only with the March Report of Condition.
 
 
 
RCFD
 
Number
 
 
1.   Indicate in the box at the right the number of the statement below that best describes the most comprehensive level of auditing work performed for the bank by independent external auditors as of any date during 2003           6724   N/A   M.1
1=   Independent audit of the bank conducted in accordance with generally accepted auditing standards by a certified public accounting firm which submits a report on the bank   5=   Directors' examination of the bank performed by other external auditors (may be required by state chartering authority)
2=   Independent audit of the bank's parent holding company conducted in accordance with generally accepted auditing standards by a certified public accounting firm which submits a report on the consolidated holding company (but not on the bank separately)   6=

7=		   Review of the bank's financial statements by external auditors

Compilation of the bank's financial statements by external auditors
3=   Attestation on bank management's assertion on the effectiveness of the bank's internal control over financial reporting by a certified public accounting firm   8=   Other audit procedures (excluding tax preparation work)
4=   Directors' examination of the bank conducted in accordance with generally accepted auditing standards by a certified public accounting firm (may be required by state chartering authority)   9=   No external audit work
(1)
Includes total demand deposits and noninterest-bearing time and savings deposits.

(2)
Report overnight Federal Home Loan Bank advances in Schedule RC, item 16, "other borrowed money."

(3)
Includes all securities repurchase agreements in domestic and foreign offices, regardless of maturity.

(4)
Includes limited-life preferred stock and related surplus.

(5)
Includes net unrealized holding gains (losses) on available-for-sale securities, accumulated net gains (losses) on cash flow hedges, cumulative foreign currency translation adjustments, and minimum pension liability adjustments.

(6)
Includes treasury stock and unearned Employee Stock Ownership Plan Shares.

EXHIBIT 8 TO FORM T-1


(INTENTIONALLY OMITTED. NOT APPLICABLE.)

EXHIBIT 9 TO FORM T-1


(INTENTIONALLY OMITTED. NOT APPLICABLE.)



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SIGNATURE
ARTICLES OF ASSOCIATION OF SUNTRUST BANK
CERTIFICATE OF AUTHORITY OF SUNTRUST BANK TO COMMENCE BUSINESS
AUTHORIZATION OF SUNTRUST BANK TO EXERCISE CORPORATE TRUST POWERS
BY-LAWS OF SUNTRUST BANK
(INTENTIONALLY OMITTED. NOT APPLICABLE.)
CONSENT OF TRUSTEE
REPORT OF CONDITION (ATTACHED)
(INTENTIONALLY OMITTED. NOT APPLICABLE.)
(INTENTIONALLY OMITTED. NOT APPLICABLE.)