UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549



                                    FORM 8-K
                                 CURRENT REPORT

                     Pursuant to Section 13 or 15(d) of the
                         Securities Exchange Act of 1934


       Date of Report (Date of earliest event reported): February 20, 2007

                                  BUNGE LIMITED
             (Exact name of Registrant as specified in its charter)


          Bermuda                      001-16625               98-0231912
(State or other jurisdiction     Commission File Number     (I.R.S. Employer
     of incorporation)                                    Identification Number)

                50 Main Street                                10606
            White Plains, New York                          (Zip code)
  (Address of principal executive offices)



                                 (914) 684-2800
              (Registrant's telephone number, including area code)

                                      N.A.
          (Former name or former address, if changes since last report)


     Check the appropriate box below if the Form 8-K filing is intended to
simultaneously satisfy the filing obligation of the registrant under any of the
following provisions (see General Instruction A.2. below):

[ ]  Written communications pursuant to Rule 425 under the Securities Act (17
     CFR 230.425)

[ ]  Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
     240.14a-12)

[ ]  Pre-commencement communications pursuant to Rule 14d-2(b) under the
     Exchange Act (17 CFR 240.14d-2(b))

[ ]  Pre-commencement communications pursuant to Rule 13e-4(c) under the
     Exchange Act (17 CFR 240.13e-4(c))



Item 7.01  Regulation FD Disclosure

     On February 21, 2007, Bunge Limited ("Bunge") issued a press release
announcing that Archibald Gwathmey, co-CEO, Bunge Global Agribusiness, has
established a Rule 10b5-1 trading plan to sell a portion of his holdings of
Bunge common shares, including shares that he has the right to acquire under
outstanding employee stock options, as part of a personal financial planning
strategy for asset diversification and liquidity. The trading plan was
established by Mr. Gwathmey in accordance with guidelines specified under Rule
10b5-1 of the Securities Exchange Act of 1934 and Bunge's policies regarding
transactions in its securities.

     A copy of the press release is attached hereto as Exhibit 99.1. The
attached Exhibit 99.1 is furnished in its entirety pursuant to this Item 7.01.


Item 9.01  Financial Statements and Exhibits

        (a) None

        (b) None

        (c) Exhibits

        Exhibit No.             Description
        -----------             -----------

         99.1                   Press Release, dated February 21, 2007



                                   SIGNATURE

     Pursuant to the requirements of the Securities Exchange Act of 1934, as
amended, the registrant has duly caused this report to be signed on its behalf
by the undersigned hereunto duly authorized.

     Dated: February 21, 2007


                                       BUNGE LIMITED


                                       By: /s/ CARLA HEISS
                                           ---------------------------
                                           Name:  Carla Heiss
                                           Title: Assistant General Counsel




                                    EXHIBITS

Exhibit No.                     Description
-----------                     -----------

 99.1                           Press Release, dated February 21, 2007