0049 GMT - Ord Minnett trims its earnings outlook for dairy producer Bega, citing near-term headwinds that include higher farmgate milk prices. Milk processors are also likely to face rising energy, fuel, and transportation costs, alongside significant increases in packaging costs and potential resin shortages. These pressures are likely to weigh on margins, analyst James Casey says. "With cost pressures building across the food and dairy supply chain, companies will likely need to pass these through to consumers to protect margins," Ord Minnett says. It downgrades FY 2026-FY 2028 earnings forecasts by 2%-4%. Ord Minnett retains a hold call on Bega, which is down 0.7% at A$5.46. (david.winning@wsj.com; @dwinningWSJ)

(END) Dow Jones Newswires

April 30, 2026 20:49 ET (00:49 GMT)

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