Kerry milk suppliers to share €30m goodwill payment
The arbitration stated that both sides must now negotiate further
Kerry milk suppliers will receive a goodwill payment of 3 cent per litre in an interim agreement between Kerry Group and Kerry Co-Operative Creameries Limited in relation to milk price arrangements
The payment understood to be worth approx €30m stems from a milk price dispute dating back to 2015 when Kerry's commitment to pay a "leading milk price" nationally on a "like-for-like basis" came in to question.
