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From the perspectives of agribusiness and food industry, Bunge thinks of the globe a little differently: where people live, where they have the most money to spend on food or the most potential for gains in income, where the regions are that possess the water and land necessary to grow the millions of tons of crops required to feed the world, and what the distances are that separate these areas from the dinner tables of hungry consumers.
At Bunge, we view the world in these ways. Our understanding of the interrelationship of population and income, agricultural production capacity and geography guides our corporate strategy and helps us position our company for growth.
In the developing world, people generally dedicate incremental income to improving their diets.
The fastest growth in food consumption occurs in regions where per capita income is less than $5,000 per year. These areas include roughly 83 percent of the world's population.
Consumption is also changing in large economies, where people are spending more money in restaurants and on prepared foods from supermarkets. All of these trends are driving steady growth in meat and vegetable oil consumption worldwide.
As meat production grows, the use of animal feed also rises. Soybean meal—one of Bunge's most important products—is the ideal protein source for the world's commercially raised hogs and chickens. Global consumption of soybean meal has risen steadily for decades.
To satisfy greater demand for meal and oil you need to grow more crops, and there are only a few regions in the world that possess the resources—the available arable land, water and sunshine—to do so on a large scale. They are North America, South America and Eastern Europe.
Bunge is devoted to bridging the peoples, nations and markets on the six continents, establishing channels between the production and the consumption, balancing the supply and the demand. We are committed to produce healthy food products with good quality, improve the living standards of people worldwide, and create more values for farmers, customers and consumers. |
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