Today, Bunge has strong capabilities on all three fronts. We have assets located around the world, with especially strong positions in high-growth markets in South America and Eastern Europe, and a growing presence in Asia. We have leading positions in important value chains, such as grains and oilseeds, and strong participation in other areas, including Sugar & Bioenergy. Each of these value chains has a smart degree of integration – from origination to value-added processing – gauged to the markets in which we operate. And we have an agile organization that has, over a 192-year history, proven its ability to change with the market.
Strengthening and leveraging our capabilities in these areas will shape our future and the role we play in addressing the world’s food needs. In 2009 and early 2010 we took steps to add important components to our core businesses, expanded further into the sugar value chain and made adjustments to our organization that will enable us to perform better over the long term.