Bunge, Bridging Local & Global

We also strengthened our Food & Ingredients activities. Key to Food & Ingredients is its natural connection to our agribusiness operations. We participate in value-added, downstream activities where market dynamics provide opportunity for margin enhancement – either because a majority of edible oil consumption occurs through the purchase of retail packaged oils or margarines, or because our agribusiness activities enable us to build a strong market share.

We concluded our acquisition of Raisio's margarine business in Poland and Finland in 2009. This transaction has allowed us to enter into new geographic markets, improve our processing efficiency and add to our product portfolio. As part of the transaction, Bunge will also partner with Benecol®, the world's first and best-known brand of cholesterol-lowering functional foods.

And we have continued to make strategic investments in Fertilizer that complement our agribusiness activities. We purchased Petrobras's nitrogen business in Argentina in early 2010, which expanded our product portfolio in that market and will enable us to improve the services we provide to farmers.

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