Hon GRANT ROBERTSON: Fonterra is forecasting a record-high milk price payout forecast range for the coming season. The cooperative announced an opening forecast for the 2021-22 season, which started at the beginning of June, of between $7.25 per kilo of milk solids to $8.75 per kilo, with a mid-point of $8 per kilo. Its previous highest ever opening price was $7 per kilo. Fonterra cited an improving global economy and strong demand for dairy amid muted growth in global supply. The mid-point of the forecast would see the cooperative contributing more than $12 billion to the economy next season, which is indeed very good news, and we thank the sector for its contribution.