Joe Ludwig (Queensland, Australian Labor Party, Minister for Agriculture, Fisheries and Forestry) Share this | Hansard source

I know you want to be a groom for the Greens, but that is a matter for you really. The MRRT revenue depends on a range of fluctuating elements, such as commodity prices, volumes and exchange rates. What I am doing, Mr President, is dealing with that part of the question that I can deal with, which goes to the MRRT. What I cannot do—which I will take on notice just to ensure that the interjector who is supporting the Greens understands where I am going, because he is apparently too slow to understand it. I will take that part on notice, because I do not have any prior knowledge as to what meetings Mr Ferguson might or might not attend. So I will take that on notice, but there were other elements of the question that I can answer, which it seems to me that Senator Ian Macdonald is too thick to follow.

The second quarter of 2012 saw some of the heat come out of global commodity prices. The price of iron ore is now around—