Stefan Vogel

It takes them six weeks, eight weeks to originate that product in the world market, ship it to Australia, unload, distribute on farm.

So with that, even if the Strait of Hormuz resolves magically tomorrow, which isn't the base case scenario of us, it will take time until we see costs dropping.

The other part that gives me confidence is if we look at the supply chains, as you said, we've been tested in the last few years multiple times.

Our farmers have done a fantastic job and I'm sure they will do once again a good job this year.

We are a little bit prepared and I'm fairly optimistic that as long as we can get the diesel into the country that we need to get everything propelled.

And as long as we can find a way that we can get the supplies of nitrogen fertilisers, we will have crops and we will have the food that we need.

I'm optimistic that the food and supply chain can manage.