AGRIBUSINESS (continued)

Market

China is a key consumer of Bunge's core products. Bunge helps serve its needs through four oilseed crushing plants. The nation's rapid growth has made it the world's largest soybean importer. Much of the demand is due to a shift to using more soymeal in feed for animals like chickens and hogs. The United States Department of Agriculture (USDA) forecasts China's soymeal consumption in 2010/2011 will increase by 7 million metric tons or 19 percent over the previous year, and continued growth is expected. Over the next decade it is estimated that China could import an additional 57 million metric tons of soybeans-more than the total production of Argentina.