Ann: GrainCorp Investor Presentation 1H23, page-11

Interesting, so thank you. Wheat futures (Chicago) have declined almost 44 per cent in a year.

While change can occur daily, how though does what you state tally with this 5 May 2023 report from Reuters?

UNITED NATIONS, May 5 (Reuters) - Ukraine, Russia, Turkey and the United Nations on Friday failed to authorize any new ships under a deal allowing safe Black Sea exports of Ukraine grain, which Moscow has threatened to quit on May 18 over obstacles to its own grain and fertilizer exports.

Daily inspections of previously authorized ships continue, deputy U.N. spokesperson Farhan Haq told reporters. Officials from the four parties make up a Joint Coordination Centre (JCC) in Istanbul, which implements the Black Sea deal agreed in July.

In an excerpt of a letter seen by Reuters, Russia told its JCC counterparts last month it will not approve any new vessels to take part unless their operators guarantee the transits will be done by May 18 - "the expected date of ... closure."

Ukraine has been putting forward daily a list of ships to be authorized. Once approved those ships are then inspected by the JCC officials near Turkey before traveling to a Ukrainian Black Sea port via a maritime humanitarian corridor to collect their cargo and return to Turkish waters for a final inspection.

According to JCC data there is currently one ship authorized for inbound inspection and 25 ships awaiting an outbound inspection - all in Turkish waters; there are 13 ships in Ukrainian ports and there are 5 ships in transit toward Ukraine and 2 vessels in transit heading back to Turkey.