Menu
Sign In Search Podcasts Libraries Charts People & Topics Add Podcast API Blog Pricing

Pete Findlay

👤 Speaker
295 total appearances

Appearances Over Time

Podcast Appearances

ABC Business Daily
Pete Findlay on Bega’s cost crunch

Yep.

ABC Business Daily
Pete Findlay on Bega’s cost crunch

Yep.

ABC Business Daily
Pete Findlay on Bega’s cost crunch

But the overall impact on total cost of products around about sort of 8% to 10%.

ABC Business Daily
Pete Findlay on Bega’s cost crunch

Then you've got the, so that's all of our plastics and our materials coming from overseas.

ABC Business Daily
Pete Findlay on Bega’s cost crunch

And then you've got what's coming through our suppliers here in Australia.

ABC Business Daily
Pete Findlay on Bega’s cost crunch

So all of our freight.

ABC Business Daily
Pete Findlay on Bega’s cost crunch

So obviously we're in a process now where we're making sure that all of the freight coming into our business is supported through the cost increase.

ABC Business Daily
Pete Findlay on Bega’s cost crunch

And so that's adding cost and then our farmers.

ABC Business Daily
Pete Findlay on Bega’s cost crunch

So we've separately to sort of the 8% to 10% cost increase we're getting through our supplies, our direct supplies have then gone back to our farmers and we're looking to support them.

ABC Business Daily
Pete Findlay on Bega’s cost crunch

with a sort of a step up in milk price to help support their costs.

ABC Business Daily
Pete Findlay on Bega’s cost crunch

Their main costs are urea or fertilizer on their farms, which impacts their output significantly and the fuel that they use in sort of day-to-day farm activities, you know, sowing crops or feeding livestock or running their dairy through their generators.

ABC Business Daily
Pete Findlay on Bega’s cost crunch

No, we're trying to fully match that.

ABC Business Daily
Pete Findlay on Bega’s cost crunch

Yeah, so we've done a fair bit of work.

ABC Business Daily
Pete Findlay on Bega’s cost crunch

So it depends.

ABC Business Daily
Pete Findlay on Bega’s cost crunch

It's quite difficult.

ABC Business Daily
Pete Findlay on Bega’s cost crunch

So different farmers in different regions have very different cost structures.

ABC Business Daily
Pete Findlay on Bega’s cost crunch

So a farmer in a high rainfall area will mostly be using natural paddock-based fodder for their kilojoules for their cattle to produce milk, whereas a farmer...

ABC Business Daily
Pete Findlay on Bega’s cost crunch

In a drier area, less rainfall feeds, does a lot of supplementary feeding, so they're importing wheat and grains, and they would be impacted more.

ABC Business Daily
Pete Findlay on Bega’s cost crunch

But overall, we've tried to make sure that we've done an average cost at the higher end across our farmers, and we've worked across sort of all their different pricing structures to make sure that they're not out of pocket.

ABC Business Daily
Pete Findlay on Bega’s cost crunch

It'll be, I'm just trying to think, it's probably our total cost base.