Hon GRANT ROBERTSON: The ANZ bank's monthly World Commodity Price Index in January rose by 1 percent to a record high—apart from dairy, which rose 2.5 percent compared with the previous month. Horticulture gained 2.6 percent, with summer fruits selling well, with a much better season for cherries. Meat and fibre declined 2.6 percent through lamb and beef prices, which are still at very high prices. When converted back into local currency, returns to primary producers rose 1.9 percent. The global environment, however, remains volatile with shipping costs on the rise, due to an increase in delays at ports—particularly in China, where some have been affected by the pandemic—and ongoing global supply constraints.