v3.3.1.900
INVENTORIES
12 Months Ended
Dec. 31, 2015
INVENTORIES  
INVENTORIES

5. INVENTORIES

        Inventories by segment are presented below. RMI are agricultural commodity inventories carried at fair value, which are non-perishable with a high shelf life and exceptionally liquid due to their homogenous nature and widely available markets with international pricing mechanisms. All other inventories are carried at lower of cost or market.

                                                                                                                                                                                    

(US$ in millions)

 

December 31,
2015

 

December 31,
2014

 

Agribusiness(1)

 

$

3,533 

 

$

4,273 

 

Edible Oil Products(2)

 

 

356 

 

 

411 

 

Milling Products

 

 

164 

 

 

198 

 

Sugar and Bioenergy(3)

 

 

350 

 

 

602 

 

Fertilizer

 

 

63 

 

 

70 

 

​  

​  

​  

​  

Total

 

$

4,466 

 

$

5,554 

 

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(1)          

Includes RMI of $3,393 million and $4,125 million at December 31, 2015 and December 31, 2014, respectively. Of these amounts $2,513 million and $2,937 million can be attributable to merchandising activities at December 31, 2015 and December 31, 2014, respectively.

(2)          

Includes RMI of bulk soybean and canola oil in the aggregate amount of $110 million and $127 million at December 31, 2015 and December 31, 2014, respectively.

(3)          

Includes sugar RMI, which can be attributable to Bunge's trading and merchandising business of $163 million and $157 million at December 31, 2015 and December 31, 2014, respectively.