Drought slices Bega's 2019-20 earnings hopes by up to 17pc

Andrew Marshall
Updated November 2 2019 - 10:52am, first published October 30 2019 - 6:45am
Bega burnt by drought season price hikes and sales setbacks
Bega burnt by drought season price hikes and sales setbacks

Despite attracting a record 1.06 billion litres of milk last year, Bega Cheese has warned the drought has made it very expensive to buy, prompting a forecast earnings slide of as much as 17.4 per cent this financial year.

Andrew Marshall

Andrew Marshall

National agribusiness writer

Andrew Marshall is the group agribusiness writer for ACM's state agricultural weeklies and websites. He is a former editor at The Land and has worked in various Rural Press group roles in Canberra, North Richmond (NSW) and Toowoomba (Qld).

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