Strong Commodity Prices hitting record levels.

ANZ Commodity Price Index have lifted for eight consecutive months and hit a new record in May, farmgate lamb prices have been lifting over April and May at a time they normally fall,

Global food prices have risen again in May, growing at the highest monthly rate in over a decade. Prices increased 4.8% from April to May 2021, and were 39.7% higher than May 2020. Sugar price, Meat price and Dairy price increased 6.8%, 2.2% and 1.8% respectively from April to May 2021