UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549


                                  SCHEDULE 13G

                    Under the Securities Exchange Act of 1934
                                (Amendment No.)*

                          FRESH DEL MONTE PRODUCE INC.
                          ----------------------------
                                (Name of Issuer)

                   Ordinary Shares, Par Value $0.01 Per Share
                   ------------------------------------------
                         (Title of Class of Securities)

                                    G36738105
                                    ---------
                                 (CUSIP Number)

                                  May 27, 2008
                                  ------------
                      (Date of Event which Requires Filing
                               of this Statement)



Check the appropriate box to designate the rule pursuant to which this Schedule
is filed:

                  [ ]      Rule 13d-1(b)
                  [X]      Rule 13d-1(c)
                  [ ]      Rule 13d-1(d)



  *The remainder of this cover page shall be filled out for a reporting person's
  initial filing on this form with respect to the subject class of securities,
  and for any subsequent amendment containing information which would alter the
  disclosures provided in a prior cover page.

  The information required on the remainder of this cover page shall not be
  deemed to be "filed" for the purpose of Section 18 of the Securities Exchange
  Act of 1934 ("Act") or otherwise subject to the liabilities of that section of
  the Act but shall be subject to all other provisions of the Act (however, see
  the Notes).

                                  Page 1 of 8





---------------------------                              -----------------------
CUSIP No. G36738105                       13G            Page 2 of 8 Pages
---------------------------                              -----------------------

---------- ---------------------------------------------------------------------
        1  NAME OF REPORTING PERSON
           I.R.S. IDENTIFICATION NO. OF ABOVE PERSON

           S.A.C. Capital Advisors, LLC
---------- ---------------------------------------------------------------------
        2  CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
                                                                    (a) [ ]
                                                                    (b) [X]
---------- ---------------------------------------------------------------------
        3  SEC USE ONLY
---------- ---------------------------------------------------------------------
        4  CITIZENSHIP OR PLACE OF ORGANIZATION

           Delaware
--------------------- ----- ----------------------------------------------------
                         5  SOLE VOTING POWER

                            0
                      ----- ----------------------------------------------------
                        6   SHARED VOTING POWER
NUMBER OF SHARES
BENEFICIALLY OWNED          3,234,646 (see Item 4)
BY EACH REPORTING     ----- ----------------------------------------------------
PERSON WITH             7  SOLE DISPOSITIVE POWER

                            0
                      ----- ----------------------------------------------------
                         8  SHARED DISPOSITIVE POWER

                            3,234,646 (see Item 4)
---------- ---------------------------------------------------------------------
        9  AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

           3,234,646 (see Item 4)
---------- ---------------------------------------------------------------------
       10  CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES

           [ ]
---------- ---------------------------------------------------------------------
       11  PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)

           5.1% (see Item 4)
---------- ---------------------------------------------------------------------
       12  TYPE OF REPORTING PERSON*

           00
---------- ---------------------------------------------------------------------
                       *SEE INSTRUCTION BEFORE FILLING OUT

                                   Page 2 of 8





---------------------------                              -----------------------
CUSIP No. G36738105                       13G            Page 3 of 8 Pages
---------------------------                              -----------------------

---------- ---------------------------------------------------------------------
        1  NAME OF REPORTING PERSON
           I.R.S. IDENTIFICATION NO. OF ABOVE PERSON

           S.A.C. Capital Management, LLC
---------- ---------------------------------------------------------------------
        2  CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
                                                                    (a) [ ]
                                                                    (b) [X]
---------- ---------------------------------------------------------------------
        3  SEC USE ONLY
---------- ---------------------------------------------------------------------
        4  CITIZENSHIP OR PLACE OF ORGANIZATION

           Delaware
--------------------- ----- ----------------------------------------------------
                         5  SOLE VOTING POWER

                            0
                      ----- ----------------------------------------------------
                        6   SHARED VOTING POWER
NUMBER OF SHARES
BENEFICIALLY OWNED          3,234,646 (see Item 4)
BY EACH REPORTING     ----- ----------------------------------------------------
PERSON WITH             7  SOLE DISPOSITIVE POWER

                            0
                      ----- ----------------------------------------------------
                         8  SHARED DISPOSITIVE POWER

                            3,234,646 (see Item 4)
---------- ---------------------------------------------------------------------
        9  AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

           3,234,646 (see Item 4)
---------- ---------------------------------------------------------------------
       10  CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES

           [ ]
---------- ---------------------------------------------------------------------
       11  PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)

           5.1% (see Item 4)
---------- ---------------------------------------------------------------------
       12  TYPE OF REPORTING PERSON*

           00
---------- ---------------------------------------------------------------------
                       *SEE INSTRUCTION BEFORE FILLING OUT

                                   Page 3 of 8




---------------------------                              -----------------------
CUSIP No. G36738105                       13G            Page 4 of 8 Pages
---------------------------                              -----------------------

---------- ---------------------------------------------------------------------
        1  NAME OF REPORTING PERSON
           I.R.S. IDENTIFICATION NO. OF ABOVE PERSON

           Steven A. Cohen
---------- ---------------------------------------------------------------------
        2  CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
                                                                    (a) [ ]
                                                                    (b) [X]
---------- ---------------------------------------------------------------------
        3  SEC USE ONLY
---------- ---------------------------------------------------------------------
        4  CITIZENSHIP OR PLACE OF ORGANIZATION

           United States
--------------------- ----- ----------------------------------------------------
                         5  SOLE VOTING POWER

                            0
                      ----- ----------------------------------------------------
                        6   SHARED VOTING POWER
NUMBER OF SHARES
BENEFICIALLY OWNED          3,234,646 (see Item 4)
BY EACH REPORTING     ----- ----------------------------------------------------
PERSON WITH             7  SOLE DISPOSITIVE POWER

                            0
                      ----- ----------------------------------------------------
                         8  SHARED DISPOSITIVE POWER

                            3,234,646 (see Item 4)
---------- ---------------------------------------------------------------------
        9  AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

           3,234,646 (see Item 4)
---------- ---------------------------------------------------------------------
       10  CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES

           [ ]
---------- ---------------------------------------------------------------------
       11  PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)

           5.1% (see Item 4)
---------- ---------------------------------------------------------------------
       12  TYPE OF REPORTING PERSON*

           IN
---------- ---------------------------------------------------------------------
                       *SEE INSTRUCTION BEFORE FILLING OUT

                                   Page 4 of 8



Item 1(a)           Name of Issuer:
                    --------------

                    Fresh Del Monte Produce Inc.

Item 1(b)           Address of Issuer's Principal Executive Offices:
                    -----------------------------------------------

                    Walker House, Mary Street, P.O. Box 908GT, George Town,
                    Grand Cayman

Items 2(a)          Name of Person Filing:
                    ---------------------

                    This statement is filed by: (i) S.A.C. Capital Advisors, LLC
                    ("SAC Capital Advisors") with respect to Ordinary Shares,
                    par value $0.01 per share ("Shares"), of the Issuer
                    beneficially owned by S.A.C. Capital Associates, LLC ("SAC
                    Capital Associates"), S.A.C. MultiQuant Fund, LLC ("SAC
                    MultiQuant Fund") and S.A.C. Select Fund, LLC ("SAC Select
                    Fund"); (ii) S.A.C. Capital Management, LLC ("SAC Capital
                    Management") with respect to Shares beneficially owned by
                    SAC Capital Associates, SAC MultiQuant Fund and SAC Select
                    Fund; and (iii) Steven A. Cohen with respect to Shares
                    beneficially owned by SAC Capital Advisors, SAC Capital
                    Management, SAC Capital Associates, SAC MultiQuant Fund and
                    SAC Select Fund.

                    SAC Capital Advisors, SAC Capital Management and Steven A.
                    Cohen have entered into a Joint Filing Agreement, a copy of
                    which is filed with this Schedule 13G as Exhibit 99.1,
                    pursuant to which they have agreed to file this Schedule 13G
                    jointly in accordance with the provisions of Rule 13d-1(k)
                    of the Securities Exchange Act of 1934, as amended.

Item 2(b)           Address of Principal Business Office:
                    ------------------------------------

                    The address of the principal business office of (i) SAC
                    Capital Advisors and Mr. Cohen is 72 Cummings Point Road,
                    Stamford, Connecticut 06902, and (ii) SAC Capital Management
                    is 540 Madison Avenue, New York, New York 10022.

Item 2(c)           Citizenship:
                    ------------

                    SAC Capital Advisors and SAC Capital Management are Delaware
                    limited liability companies. Mr. Cohen is a United States
                    citizen.

Item 2(d)           Title of Class of Securities:
                    -----------------------------

                    Ordinary Shares, par value $0.01 per share

                                   Page 5 of 8


Item 2(e)           CUSIP Number:
                    ------------

                    G36738105

Item 3              Not Applicable


Item 4              Ownership:
                    ---------

                    The percentages used herein are calculated based upon the
                    Shares issued and outstanding as of April 18, 2008 as
                    reported on the Issuer's quarterly report on Form 10-Q filed
                    with the Securities and Exchange Commission by the Issuer
                    for the quarterly period ended March 28, 2008.

                    As of the close of business on June 4, 2008:

                    1. S.A.C. Capital Advisors, LLC
                    (a) Amount beneficially owned: 3,234,646
                    (b) Percent of class: 5.1%
                    (c)(i) Sole power to vote or direct the vote: -0-
                    (ii) Shared power to vote or direct the vote: 3,234,646
                    (iii) Sole power to dispose or direct the disposition: -0-
                    (iv) Shared power to dispose or direct the disposition:
                         3,234,646

                    2. S.A.C. Capital Management, LLC
                    (a) Amount beneficially owned: 3,234,646
                    (b) Percent of class: 5.1%
                    (c)(i) Sole power to vote or direct the vote: -0-
                    (ii) Shared power to vote or direct the vote: 3,234,646
                    (iii) Sole power to dispose or direct the disposition: -0-
                    (iv) Shared power to dispose or direct the disposition:
                         3,234,646

                    3. Steven A. Cohen
                    (a) Amount beneficially owned: 3,234,646
                    (b) Percent of class: 5.1%
                    (c)(i) Sole power to vote or direct the vote: -0-
                    (ii) Shared power to vote or direct the vote: 3,234,646
                    (iii) Sole power to dispose or direct the disposition: -0-
                    (iv) Shared power to dispose or direct the disposition:
                         3,234,646

                    SAC Capital Advisors, SAC Capital Management and Mr. Cohen
                    own directly no Shares. Pursuant to investment management
                    agreements, each of SAC Capital Advisors and SAC Capital
                    Management share all investment and voting power with
                    respect to the securities held by SAC Capital Associates,
                    SAC MultiQuant Fund and SAC Select Fund. Mr. Cohen controls
                    each of SAC Capital Advisors and SAC Capital Management. By
                    reason of the provisions of Rule 13d-3 of the Securities
                    Exchange Act of 1934, as amended, each of SAC Capital

                                  Page 6 of 8



                    Advisors, SAC Capital Management, and Mr. Cohen may be
                    deemed to own beneficially 3,234,646 Shares (constituting
                    approximately 5.1% of the Shares outstanding). Each of SAC
                    Capital Advisors, SAC Capital Management, and Mr. Cohen
                    disclaim beneficial ownership of any of the securities
                    covered by this statement.

Item 5              Ownership of Five Percent or Less of a Class:
                    --------------------------------------------

                    If this statement is being filed to report the fact that as
                    of the date hereof the reporting person has ceased to be the
                    beneficial owner of more than five percent of the class of
                    securities, check the following.   [ ]

Item 6              Ownership of More than Five Percent on Behalf of Another
                    --------------------------------------------------------
                    Person:
                    ------

                    Not Applicable

Item 7              Identification and Classification of the
                    ----------------------------------------
                    Subsidiary Which Acquired the Security Being
                    --------------------------------------------
                    Reported on By the Parent Holding Company:
                    ------------------------------------------

                    Not Applicable

Item 8              Identification and Classification of Members
                    --------------------------------------------
                    of the Group:
                    ------------

                    Not Applicable

Item 9              Notice of Dissolution of Group:
                    ------------------------------

                    Not Applicable

Item 10             Certification:
                    -------------

         By signing below the signatory certifies that, to the best of his
knowledge and belief, the securities referred to above were not acquired and are
not held for the purpose of or with the effect of changing or influencing the
control of the issuer of the securities and were not acquired and are not held
in connection with or as a participant in any transaction having that purpose or
effect.

                                  Page 7 of 8



                                    SIGNATURE
                                    ---------

         After reasonable inquiry and to the best of my knowledge and belief, I
certify that the information set forth in this statement is true, complete and
correct.

Dated: June 5, 2008

S.A.C. CAPITAL ADVISORS, LLC


By:     /s/ Peter Nussbaum
        --------------------------------
Name:   Peter Nussbaum
Title:  Authorized Person



S.A.C. CAPITAL MANAGEMENT, LLC


By:     /s/ Peter Nussbaum
        --------------------------------
Name:   Peter Nussbaum
Title:  Authorized Person



STEVEN A. COHEN


By:     /s/ Peter Nussbaum
        --------------------------------
Name:   Peter Nussbaum
Title:  Authorized Person

                                  Page 8 of 8