New Markets
Investments we are making in Sugar & Bioenergy are quickly establishing Bunge as a leading integrated player in these markets and have turned a complementary value chain into a core business. Today we have
significant milling capacity in Brazil and a trading and marketing business that originates and distributes products around the world. Sugar & Bioenergy has become an important part of our business, and we expect it to make a significant contribution to our bottom line in 2010.
Key to achieving this strong position is our recent acquisition of five sugarcane mills in Brazil, which were part of the Moema Group. The mills are ideally situated close to excellent export logistics corridors on the border between São Paulo and Minas Gerais states, the two largest domestic ethanol markets in Brazil. Bunge now operates approximately 20 million metric tons of crushing capacity in Brazil, a figure that we expect to increase in coming years as we expand our mills and look for additional growth opportunities.