Bega returns to business as usual post-bushfires

Bega returns to business as usual post-bushfires

Australian dairy producer Bega Cheese (ASX: BGA) hopes to get the business back up and running as soon as possible following the disastrous Australian bushfires.

The company says while the bushfires have had a "significant impact" on its farmers and employees there has been minimal direct impact to the company overall or its ongoing milk supply and operations.

"The bushfires have affected farm operations and infrastructure including the destruction of fencing and power lines, burnt out paddocks and restricted road access, but fortunately no dairy sheds have been lost," says Bega.

"A Bega Cheese Crisis Management team along with a significant number of volunteers are working with farmers to provide generators, feed, fencing and other assistance to repair farms and keep milk flowing."

Bega intends to get its two factories operational this week and hopes the majority of its employees will be able to resume work too.

"We have been working closely with our farmers providing and connecting generators to enable daily milking and also supplying fed for cattle," says Bega acting chairman Max Roberts.

The group expects to be able to collect 900,000 litres of milk once road access restriction is lifted in the next two days.

However, Bega says two of its suppliers have decided to dry off their herds earlier than planned because of the fires. The company says this could reduce milk supply by up to a further one million litres. Bega says this will have no material impact on its operations.

Shares in Bega are up 1.78 per cent to $4.30 per share at 10.35am AEDT.

Never miss a news update, subscribe here. Follow us on Facebook, LinkedIn, Instagram and Twitter.

Business News Australia

Enjoyed this article?

Don't miss out on the knowledge and insights to be gained from our daily news and features.

Subscribe today to unlock unlimited access to in-depth business coverage, expert analysis, and exclusive content across all devices.

Support independent journalism and stay informed with stories that matter to you.

Subscribe now and get 50% off your first year!

Four time-saving tips for automating your investment portfolio
Partner Content
In today's fast-paced investment landscape, time is a valuable commodity. Fortunately, w...
Etoro
Advertisement

Related Stories

Ocean Guardian administrator in talks with "several parties" to secure its future

Ocean Guardian administrator in talks with "several parties" to secure its future

After two withdrawn initial public offering (IPO) attempts in 2018 ...

Westpac breached Banking Code of Practice in NT branch closure, putting vulnerable customers at risk

Westpac breached Banking Code of Practice in NT branch closure, putting vulnerable customers at risk

The independent body tasked with keeping bank behaviour in check ha...

Cyber security consultancy CSO Group to merge with AI enabler xAmplify

Cyber security consultancy CSO Group to merge with AI enabler xAmplify

Sydney-based cyber security consultancy CSO Group is set to join fo...

Julian Assange will be freed after striking plea deal with US authorities

Julian Assange will be freed after striking plea deal with US authorities

Julian Assange has reached a deal with the United States Department...