Bunge Limited operates as an agribusiness and food company worldwide. It operates through four segments: Agribusiness, Refined and Specialty Oils, Milling, and Sugar and Bioenergy. The Agribusiness segment purchases, stores, transports, processes, and sells agricultural commodities and commodity products, including oilseeds primarily soybeans, rapeseed, canola, and sunflower seeds, as well as grains primarily wheat and corn; and processes oilseeds into vegetable oils and protein meals. This segment offers its products for animal feed manufacturers, livestock producers, wheat and corn millers, and other oilseed processors, as well as third-party edible oil processing and biofuel companies; and for industrial and biodiesel production applications. The Refined and Specialty Oils segment sells packaged and bulk oils and fats that include cooking oils, shortenings, margarines, mayonnaise, and other products for baked goods companies, snack food producers, confectioners, restaurant chains, foodservice operators, infant nutrition companies, and other food manufacturers, as well as grocery chains, wholesalers, distributors, and other retailers. The Milling segment provides wheat flours and bakery mixes; corn milling products that comprise dry-milled corn meals and flours, wet-milled masa and flours, and flaking and brewer's grits, as well as soy-fortified corn meal, corn-soy blends, and other products; whole grain and fiber ingredients; quinoas and millets; die-cut pellets; and non-GMO products. The Sugar and Bioenergy segment produces sugar and ethanol; and generates electricity from burning sugarcane bagasse. Bunge Limited was founded in 1818 and is headquartered in St. Louis, Missouri.
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Here are 1-2 brief analogies to describe Bunge Global (BG):
- The Shell of agricultural commodities.
- The BASF or Dow Chemical of food ingredients.
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- Oilseed Products: Bunge processes oilseeds like soybeans, canola, and sunflower seeds to produce crude and refined vegetable oils, as well as protein meals for food, feed, and industrial applications.
- Grains: The company sources, stores, transports, and sells major grains such as wheat, corn, and barley to customers worldwide.
- Refined and Specialty Edible Oils: Bunge manufactures and sells a wide range of edible oils, shortenings, margarines, and specialty fats for food service, industrial, and consumer sectors.
- Milled Products: The company produces various milled grain products, including wheat flour, corn grits, and corn meal, primarily for the food industry.
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Bunge Global (BG) primarily sells its products and services to other businesses (B2B) rather than directly to individual consumers. As a leading agribusiness and food company, its customers typically use Bunge's agricultural commodities, ingredients, and processed products as inputs for their own operations or for resale.
Due to the nature of its global commodity and ingredient supply business, Bunge Global generally does not publicly disclose the names of specific major customer companies. Its customer base is vast and diversified across various industries and geographies, and no single customer typically accounts for a material portion of its revenue. However, its major customer categories include:
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Food and Beverage Manufacturers: Companies that utilize Bunge's refined oils, specialty fats, flours, meals, and other ingredients to produce a wide array of packaged foods, beverages, baked goods, snacks, and confectionery products for consumers.
Examples of public companies that operate in this category (not confirmed major customers of Bunge):
- PepsiCo (Symbol: PEP)
- Nestlé S.A. (Symbol: NSRGY)
- Unilever PLC (Symbol: UL)
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Animal Nutrition and Feed Companies: Manufacturers of animal feed for livestock, poultry, and aquaculture, which purchase protein meals (such as soybean meal and and rapeseed meal) and other feed ingredients from Bunge.
Examples of public companies that operate in this category (not confirmed major customers of Bunge):
- Tyson Foods, Inc. (Symbol: TSN) - (due to integrated operations)
- JBS S.A. (Symbol: JBSAY) - (due to integrated operations)
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Foodservice Companies and Retailers: Businesses that distribute food products to the restaurant industry, institutional clients, or grocery chains that may purchase Bunge's bulk or private-label products, including cooking oils and milled ingredients, for their own operations or for resale.
Examples of public companies that operate in this category (not confirmed major customers of Bunge):
- Sysco Corporation (Symbol: SYY)
- Walmart Inc. (Symbol: WMT) - (for private label or specific retail products)
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Industrial Users and Biofuel Producers: Companies that use vegetable oils and other agricultural products for industrial applications, including the production of biofuels.
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Other Agricultural Commodity Trading Firms: Bunge also trades commodities with other large trading houses and processors globally.
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Greg Heckman, Chief Executive Officer
Mr. Heckman has over four decades of experience in the agriculture, energy, and food processing industries. He joined Bunge's board of directors in October 2018 and was appointed CEO in January 2019. Before Bunge, he was a Founding Partner of Flatwater Partners, a private investment firm. He also served as CEO of The Gavilon Group from 2008 to 2015, overseeing its significant growth and the eventual sale of its agriculture business to Marubeni Corporation and its energy business to NGL Energy Partners. Prior to Gavilon, he held senior executive roles at ConAgra Foods, including Chief Operating Officer of ConAgra Foods Commercial Products and President and COO of ConAgra Trade Group, which he later took private to form Gavilon.
John Neppl, Chief Financial Officer
Mr. Neppl assumed his current role as Chief Financial Officer in May 2019. He joined Bunge from Green Plains Inc., where he also served as CFO. Before Green Plains, Mr. Neppl was the Chief Financial Officer of The Gavilon Group, LLC, an agriculture and energy commodities management firm that was later sold. His career also includes senior financial management positions at ConAgra Foods, Inc., where he was a senior financial officer for ConAgra Trade Group and its Commercial Products division, and served as an assistant corporate controller.
David Mattiske, Co-Chief Operating Officer & Chief Sustainability Officer
Mr. Mattiske, formerly the CEO of Viterra, is appointed as Co-Chief Operating Officer of the combined Bunge-Viterra entity. In this role, he jointly oversees the commercial activities of the combined organization, including commodity value chains, regional structures, and industrial operations.
Julio Garros, Co-Chief Operating Officer
Mr. Garros, previously Bunge's Co-President, Agribusiness, is appointed as Co-Chief Operating Officer of the combined Bunge-Viterra entity. He shares oversight of the commercial activities of the future combined organization with David Mattiske.
Kellie Sears, Chief Human Resources Officer
Ms. Sears is a member of Bunge's executive leadership team, responsible for the company's human resources strategy globally.
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A rapid acceleration in the adoption of plant-based and cultivated protein alternatives poses an emerging threat. This trend, driven by environmental, ethical, and health concerns, could significantly reduce global demand for traditional animal feed ingredients (such as soy and corn), which are core commodities for Bunge. While Bunge itself processes some ingredients for plant-based foods, a broad and swift transition could erode the substantial demand from the animal agriculture sector, impacting Bunge's commodity origination, processing, and merchandising volumes and profitability. Companies pioneering these alternatives are rapidly innovating and expanding production, aiming to displace traditional protein sources.
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Bunge Global (BG) Addressable Market Sizes:
- Oilseed Processing: The global oilseed processing market was valued at approximately USD 330 billion in 2023 and is projected to reach USD 467.45 billion by 2030. Another estimate places the global market at US$ 312.5 billion in 2022, with a projection to reach US$ 627.2 billion by 2030.
- Grain Trading: The global grain market size is anticipated to be valued at USD 1469.12 billion in 2024, with a projected growth to USD 2030.79 billion by 2033.
- Edible Oils: The global edible oils market was valued at USD 209.1 billion in 2022 and is expected to reach USD 316.5 billion by 2032. Other estimates indicate the global edible oil and fats market size was USD 464.48 billion in 2022 and is projected to reach USD 831.10 billion by 2030.
- Specialty Oils (part of Edible Oils): The global specialty oils market is projected to grow from USD 19.9 billion in 2024 to USD 30.5 billion by 2035. The global specialty fats and oils market was estimated at USD 14.12 billion in 2023 and is expected to grow to USD 23.78 billion by 2030. Another source states the global specialty fats and oils market is expected to be worth around USD 31.2 billion by 2034, up from USD 16.3 billion in 2024.
- Milling Products (Grain Mill Products): The global grain mill products market size was valued at USD 828.17 billion in 2023 and is projected to grow at a CAGR of 7.4% from 2024 to 2030. Another report indicates the global grain mill products market size was valued at USD 655.0 billion in 2018 and is anticipated to reach USD 830.8 billion by 2026.
- Sugar: The global sugar market size was estimated at USD 66.39 billion in 2023 and is projected to reach USD 102.32 billion by 2030.
- Bioenergy: The global bioenergy market size was valued at USD 344.90 billion in 2019 and is projected to reach USD 978.67 billion by 2032.
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Bunge Global (BG) is expected to drive future revenue growth over the next two to three years through several key initiatives and market dynamics:
- Viterra Acquisition and Integration: The strategic integration of Viterra's operations is a primary driver, expected to enhance operational synergies, bolster Bunge's global footprint, and contribute to long-term growth and shareholder value. Early cost savings and commercial synergies are already being captured.
- Expanded Global Network and Operational Efficiencies: Leveraging its enhanced network, particularly through the Viterra acquisition, Bunge aims to improve operational efficiencies and benefit from a more diverse platform across various crops and geographies. The company is focused on capitalizing on this expanded scale.
- Growth in Key Processing and Merchandising Segments: Bunge anticipates continued strong performance in its core segments. Recent results indicate improved performance in Soybean Processing and Refining across all regions, driven by higher margins and the addition of Viterra’s South American assets. Significant sales surges have also been observed in Softseed Processing and Refining, and Grain Merchandising and Milling. The company expects improvements in grain merchandising.
- Strategic Investments and Mega Projects: The completion of strategic initiatives and large-scale projects, such as Morristown and Destrehan, are projected to contribute to future growth by potentially expanding capacity or improving efficiency, thereby supporting revenue generation.
- Higher Margins through Strong Execution: While not a direct volume driver, Bunge's ability to achieve higher margins through strong execution and favorable market positioning, particularly in soybean processing and refining, allows for more competitive strategies and overall stronger financial performance that underpins revenue growth.
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Share Repurchases
- Bunge's Board of Directors authorized an additional $500 million for share repurchases on November 13, 2024.
- This expanded the total authorization for share repurchases to approximately $1.3 billion, which includes about $800 million remaining from a program authorized on June 13, 2023.
- In 2024, Bunge repurchased $1.1 billion of shares, including $500 million during Q4. The company also completed $545 million in share buybacks year-to-date in 2025.
Share Issuance
- As of November 2025, Bunge Global SA had 134,434,752 shares outstanding.
- The number of shares outstanding for the quarter ending June 30, 2025, was 0.136 billion, marking a 5.3% decline year-over-year.
Outbound Investments
- Bunge completed the sale of its 50% share in the BP Bunge Bioenergia joint venture to bp on October 1, 2024, for net proceeds of nearly $800 million, as the business was not core to Bunge's long-term strategy.
- The business combination with Viterra Limited was completed in July 2025, creating a global agricultural trading and processing entity.
- Bunge is in the final stages of acquiring CJ Selecta, a soy protein concentrate producer in Brazil, and recently partnered with Repsol to develop lower-carbon intensity feedstocks.
Capital Expenditures
- Capital expenditures were $1.376 billion in 2024, $1.122 billion in 2023, and $555 million in 2022.
- Expected capital expenditures for 2025 are projected to be between $1.6 billion and $1.7 billion.
- These investments are focused on large-scale construction projects, including new multi-oil plants in India and Europe, a soy protein concentrate plant in the U.S. (expected online in 2025), and port infrastructure improvements in Destrehan, Louisiana.
