Bega Cheese warns on food prices as COVID, flood, Ukraine costs bite

Andrew Marshall
By Andrew Marshall
Updated July 4 2022 - 1:10pm, first published April 25 2022 - 9:00pm
Floods, fast rising freight and logistics costs, strong global demand for dairy exports and the shut down of port operations in Shanghai are among a mishmash of factors currently squeezing Bega's dairy and spreads balance sheet.

Bega Cheese is flagging a financial year of cost blowouts, sending a fairly ominous signal about more food price rises across the board for shoppers this year.

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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).