AMENDMENTTO THE BUNGEGLOBAL MARKETS DEFERRED COMPENSATION PLAN FOR CERTAIN EMPLOYEES

Exhibit 10.33

AMENDMENT TO THE BUNGE GLOBAL MARKETS
DEFERRED COMPENSATION PLAN FOR CERTAIN EMPLOYEES

WHEREAS, Bunge Global Markets (the “Company”) is the sponsor of the Bunge Global Markets Deferred Compensation Plan for Certain Employees (as amended from time to time) (the “Plan”);

WHEREAS, the Company desires to amend the Plan to no longer permit Participants to make a Payment Election providing for monthly installment payments of their Deferred Amounts; and

WHEREAS, pursuant to Section 11 of the Plan, the Chief Executive Officer of Bunge Limited may amend the Plan from time to time;

NOW, THEREFORE, effective as of January 1, 2008, the Plan is hereby amended as follows:

1.             The definition of Payment Election in Section 2 of the Plan is hereby amended and restated in its entirety to read as follows:

“ “Payment Election” means an election as to the form and timing of distribution of Deferred Amounts elected in writing by a Participant at the time of his corresponding Deferral Election.  Unless the Committee determines otherwise, the form of distribution of an Account Value pursuant to a Payment Election may be in the form of a single lump sum payment or in up to twenty-five annual installments over twenty-five years.”