section included in the tables attached to this press release for more
(3) See Note 1 to the consolidated statements of income attached to this
press release for information on the calculation of diluted earnings
Alberto Weisser, Bunge's Chairman and Chief Executive Officer stated, "2007 was an outstanding year. Bunge leveraged its integrated, global
operations, leading positions in key markets and good teamwork to produce record results."
"In 2007, the agribusiness and fertilizer markets were characterized by improved structural conditions. Demand for Bunge's end products grew and farm economics in Brazil strengthened. Our risk management strategies performed well in a dynamic market, and we were well-positioned to serve customers during a period marked by significant supply dislocations.
"The conditions that made 2007 compelling should continue in 2008. The USDA forecasts higher global protein meal and vegetable oil demand, as well as strong demand for and trade in other agricultural commodities. Crop prices should remain high, promoting input purchases by farmers. Not all market forces are working in Bunge's favor, however. For example, the strong real will increase local costs in our Brazilian businesses, and higher input costs could pressure margins in fertilizer and edible oils during the year.
"We plan to build on our success by continuing to follow our strategy
of investing for growth and efficiency in our core businesses and in
complementary value chains. In 2007, we expanded our oilseed processing
footprint and launched a regional consumer packaged oil brand in China. We
also enhanced processing assets in the Americas and Europe, purchased our
first sugarcane mill and established a joint venture with OCP, the Moroccan
fertilizer manufacturer, which will provide our business
|SOURCE Bunge Limited|
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