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Farm Pride Foods (ASX: $FRM) monitors avian influenza outbreak

Farm Pride Foods (ASX: $FRM) proactive approach to avian influenza outbreak


Farm Pride Foods Ltd (ASX: $FRM) has been actively collaborating with the Victorian Department of Agriculture to conduct thorough hen health assessments in response to the avian influenza outbreak in Meridith, Victoria. Results from testing indicated that hens in all sheds on the Lethbridge Aviary and Lethbridge Rocks sites were negative for AI. However, free range hens at the Lethbridge Aviary site were found positive for the H7N3 strain, representing approximately 8% of the company's total production capacity.

Executive commentary on avian influenza outbreak


The Company is committed to the health and well-being of its hens and is taking proactive measures to address the avian influenza outbreak. We are working closely with the Victorian Department of Agriculture to ensure thorough monitoring and testing of our sites. While the recent findings are concerning, we are focused on mitigating the impact and seeking compensation through the Emergency Animal Disease Compensation Scheme for the disposal of affected birds. We will continue to prioritize the safety of our operations and the welfare of our hens.

Summary of avian influenza outbreak and outlook


Farm Pride Foods Ltd (ASX: $FRM) has been actively monitoring and collaborating with the Victorian Department of Agriculture to address the avian influenza outbreak. While some hens at the Lethbridge Aviary site tested positive for the H7N3 strain, representing approximately 8% of the company's total production capacity, the company is seeking compensation for the disposal of affected birds. The operations outside the Lethbridge area continue to operate as normal. Farm Pride Foods remains committed to the health and safety of its hens and will continue to prioritize proactive measures to address the situation.

FARM PRIDE FOODS LIMITED
FRM | ASX | Consumer Staples
0.093-0.002(-2.11%)
At close 05/07 (AEDT)
Market cap
$13.7M
Volume
20,000
DY Yield
0
PE Ratio
0
52 Week Range
0.093 - 0.18
1YR Return
-28.462%

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