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BRIEF-Bega Cheese Says Minimal Direct Impact Of Bushfires To Milk Supply Or Its Ongoing Operations

Published 09/01/2020, 05:56 pm
Updated 09/01/2020, 06:00 pm
BRIEF-Bega Cheese Says Minimal Direct Impact Of Bushfires To Milk Supply Or Its Ongoing Operations
BGA
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Jan 9 (Reuters) - Bega Cheese Ltd BGA.AX :

* FIRE IMPACT ON MILK SUPPLY

* TWO FACTORIES IN BEGA RECOMMENCED PRODUCTION THIS WEEK WITH MAJORITY OF EMPLOYEES RETURNING TO WORK

* EXPECTS THAT SOME OF COSTS OF THIS ASSISTANCE WILL BE COVERED BY BUSINESS INTERRUPTION INSURANCE

* THERE HAS BEEN MINIMAL DIRECT IMPACT OF BUSHFIRES TO COMPANY OVERALL OR MILK SUPPLY OR ITS ONGOING OPERATIONS

* NO DAIRY SHEDS HAVE BEEN LOST IN BUSHFIRES

* MILK LOSSES WILL HAVE NO MATERIAL OVERALL IMPACT ON BEGA'S OPERATIONS.

* 2 SUPPLIERS DECIDED TO DRY THEIR HERDS OFF EARLIER THAN PLANNED BECAUSE OF FIRES; MAY REDUCE MILK SUPPLY BY UP TO FURTHER 1 MILLION LITRES

* BUSHFIRES AFFECTED FARM OPERATIONS, INFRASTRUCTURE LIKE DESTRUCTION OF FENCING, POWER LINES, BURNT OUT PADDOCKS, RESTRICTED ROAD ACCESS

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