Inghams' big share price drop has been queried by the ASX, with the poultry group blaming reports about the detection of bird flu at a Victorian egg farm.
Inghams shares tumbled as much as 16 per cent to a low of $3.21 on news that Agricultura Victoria had confirmed the presence of the avian influenza virus after a number of poultry deaths at the egg farm near Meredith.
The falls were trimmed after Inghams issued a biosecurity update to the ASX, noting the media reports and saying there was no impact on its operations.
In response to the price query from the ASX, Inghams pointed to the media reports about the detection of bird flu at a table egg farm.
"Inghams has no commercial broiler farms located in the affected region. As a result, there is currently no impact to Ingham’s operations or its supply chain, and the company continues to supply the market as usual," Inghams said, repeating the information in its earlier ASX statement.
Inghams shares closed 5.8 per cent weaker at $3.60.