Emilia Terzon

I hope I'm saying that right.

So as you mentioned there, yes, plastic made from

crude oil impacted by the closure of the Strait of Hormuz.

There has been significant price rises on the resin, which is the derivative of the crude that then goes into plastic containers.

I've

Been to factories in the last week and seen the little pellets that they turn into milk bottles or things like lip balm tubes and spoken to manufacturers.

And yes, they're really battling this.

Firstly, they're dealing with massive price surges.

That's correct.

And that was data supplied to me by one of Australia's biggest packaging companies.

And in fact, their boss said to me, yeah, we're dealing with price shocks, but what we're actually worried is that we're going to be able to

not get certain parts of the resins and that will actually impact making things.

I have spoken to government about this and we had an interview with the environment minister as well this week.

They are working very closely with industries like

dairy that make their own milk bottles.

And in fact, it is worth noting that Woolies and Coles have said that they are rising the price of home brand milk in their stores because of the many inflationary pressures on the dairy supply chain, including packaging.

So if that's just milk bottles, think about everything else that is made from plastic in supermarkets.

Even bananas come wrapped in plastics, right?

Cling wrap.

So many parts of the supply chain are reliant.