	March 31,		December 31,
(US$ in millions)	2013		2012
Agribusiness (1)	$	4,842	$	5,240
Sugar and Bioenergy (2)	371		488
Edible Oil Products (3)	561		617
Milling Products (4)	231		184
Fertilizer (4) (5)	69		61
Total	$	6,074	$	6,590

(1) Includes readily marketable agricultural commodity inventories at fair value of $4,453 million and $4,892 million at March 31, 2013 and December 31, 2012, respectively. All other agribusiness segment inventories are carried at lower of cost or market.

(2) Includes readily marketable sugar inventories of $37 million and $199 million at March 31, 2013 and December 31, 2012, respectively. Of these, $26 million and $144 million, respectively, are carried at fair value, in Bunge’s trading and merchandising business. Sugar and ethanol inventories in Bunge’s industrial production business are carried at lower of cost or market.

(3) Edible oil products inventories are generally carried at lower of cost or market, with the exception of readily marketable inventories of bulk soybean oil which are carried at fair value in the aggregate amount of $106 million and $215 million at March 31, 2013 and December 31, 2012, respectively.

(4) Milling products and fertilizer inventories are carried at lower of cost or market.

(5) Fertilizer inventories exclude amounts classified as held for sale (see Note 4).