partnering for the future Their geographic proximity make them ideal export destinations  for Eastern Europe. Effi cient logistics are essential to unlocking Eastern Europe’s  potential. Since the beginning of 2004, we have improved Bunge’s  position in the region’s ports. We built a grain terminal in Liepaja,  Latvia; purchased one in Rostov, Russia; and signed throughput  agreements with facilities in Iliychevsk, Ukraine, and Constanza,  Romania. Together with our existing terminal in Derince, Turkey,  these assets and agreements form a network that improves  Bunge’s ability to handle trade to and from Eastern Europe. We have also expanded our origination operations by acquiring grain elevators in Ukraine and Romania. Eastern Europe also benefi ts from growth in demand. Per  capita vegetable oil consumption is increasing in the region.  Bunge established a market-leading position with our 2002  acquisition of Cereol, and we built upon this foundation in 2004. Through a joint venture, we purchased Kama Foods and  strengthened our crushing and refi ning operations in Poland.  We broadened our product portfolio by acquiring exclusive rights  to Ideal™, a premium  sunflower oil brand,  in Russia and the CIS  states; and in early  2005, we started  work on a multi-seed  crushing plant in  Iliychevsk, Ukraine  that will help to  supply our bottled  oil business in  the region. $^{1 }$USDA (represents Oct. to Sept. marketing years; 2004/05 estimated); $^{2}$ ANDA eastern european trade fl ows Liepaja Rostov Derince Constanza Iliychevsk could rise to a level between 30 and 40 million metric tons  per annum by 2013–up from an average of around seven  million tons between 1996 and 2000. The Middle East and North Africa will help fuel this growth.  These regions already are large grain importers, and their  population and GDP growth rates are above world averages.  25 20 15 10 5 125 100 75 50 brazilian npk  fertilizer sales 2 global vegetable oil  consumption 1 global soybean meal  consumption 1 150 125 100 75 02/03 03/04 04/05 01/02 Millions of metric tons 00/01 2002 2003 2004 2001 2000 Millions of metric tons Millions of metric tons 02/03 03/04 04/05 01/02 00/01 9