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RELATED PARTY TRANSACTIONS | 6 Months Ended
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Jun. 30, 2011
RELATED PARTY TRANSACTIONS |
RELATED PARTY TRANSACTIONS |
14. RELATED PARTY TRANSACTIONS Bunge purchased commodities and commodity and fertilizer products from its unconsolidated joint ventures, which totaled $217 million and $133 million for the three months ended June 30, 2011 and 2010, respectively, and $413 million and $272 million for the six months ended June 30, 2011 and 2010, respectively. Bunge also sold commodity products to these joint ventures, which totaled $119 million and $100 million for the three months ended June 30, 2011 and 2010, respectively, and $200 million and $229 million for the six months ended June 30, 2011 and 2010, respectively. Bunge believes these transactions are recorded at values similar to those with third parties.

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- Definition This element may be used for the entire related party transactions disclosure as a single block of text. Disclosure may include: the nature of the relationship(s), a description of the transactions, the amount of the transactions, the effects of any change in the method of establishing the terms of the transaction from the previous period, stated interest rate, expiration date, terms and manner of settlement per the agreement with the related party, and amounts due to or from related parties. If the entity and one or more other entities are under common ownership or management control and this control affects the operating results or financial position, disclosure includes the nature of the control relationship even if there are no transactions between the entities. Disclosure may also include the aggregate amount of current and deferred tax expense for each statement of earnings presented where the entity is a member of a group that files a consolidated tax return, the amount of any tax related balances due to or from affiliates as of the date of each statement of financial position presented, the principal provisions of the method by which the consolidated amount of current and deferred tax expense is allocated to the members of the group and the nature and effect of any changes in that method. Examples of related party transactions include transactions between (a) a parent company and its subsidiary; (b) subsidiaries of a common parent; (c) and entity and its principal owners; and (d) affiliates. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 04 -Paragraph b -Article 3A Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 08 -Paragraph k -Article 4 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 57 -Paragraph 1-4 + Details
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