Jonathon Duniam (Tasmania, Liberal Party, Shadow Minister for Environment, Fisheries and Forestry) Share this | Hansard source

I know Senator Brockman and perhaps others have some questions around the NFF's concerns around the turbocharging, as the NFF puts it, of demand for carbon abatement on the land. I don't want you to try and guess what businesses are doing. I guess I am using this company as an example. Incitec Pivot has a number of entities in Queensland that will be affected by the changes here. There will be an increase in the cost of what they do. The IMF actually found that a one per cent rise in fertiliser prices increases food commodity prices by 0.45 per cent . Minister, can you indicate whether the government accepts that there's a close correlation between, for example, fertiliser price increases and how much Australians pay for their groceries and, to that end, if there is an increase in the cost of doing business for Incitec Pivot, for them to produce the product that farmers rely on, that that would then be passed on to the consumer? Is that something that has been contemplated and potentially concerns the government?