Bunge, Bridging Local & Global

Dear Shareholders

2009 and early 2010 was a time of successes, setbacks, strategic moves and significant volatility. We learned some hard lessons, but also made strides in improving our business and positioning it for growth. I believe that Bunge has emerged from this period a stronger company, well equipped to deliver value to shareholders and perform a key role in the world.

There is probably no better way to describe this role than to say that we are a bridge – an efficient, dependable and safe way to get agricultural products from local farms to the global market, from the day they are harvested to the day they are needed, from regions of abundance to regions of scarcity. It's a valuable service that will become more critical as the world's population grows. We are proud to provide it, and confident that we have the strengths and competencies to do it well and profitably.

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