Bunge Plans to Invest $2.5 Billion in Brazil, May Sell Bonds

Bunge Ltd., the world’s second-largest sugar trader, said it plans to spend $2.5 billion to boost sugar and ethanol production in Brazil over the next five years and may sell bonds to help finance the investments.

“We are very positive on the sugar and ethanol outlook,” Chief Executive Officer Alberto Weisser said at a press conference in Sao Paulo. “Our investments come at the right moment, as the world is yearning for food and clean energy.”