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The agreement will see Kerry Group pay a €50m lump sum to suppliers which will work out at 5.4c/l.
SUBSCRIBER ONLY
Dairy farmers that have served notice to leave Lakeland Dairies will not be eligible for the co-op's new loyalty bonus
There can't be any ifs or buts, this was a decisive outcome, that leads to a completely new tomorrow.
The mood was generally positive at the RUAS Winter Fair. David Wright reports.
The Commission anticipates a 0.2% per year decline in EU milk outlook, with this decline being sharper in western member states.
A spokesperson for Carbery said that dairy market performance continues to be strong.
Announcing the Tirlán price, the co-op’s chair John Murphy said after a very challenging first half of the year, the second half has been more favourable.
Around 93% of all milk supplied to Dairygold is currently eligible for the sustainability payment.
Monday's vote offers Kerry suppliers the opportunity to buy their dairy processor, but they need their fellow shareholders to vote with them in this deal.
A base price of 46.56c/l excluding VAT will be paid by Dairygold for milk supplied last month.
