Kerry Group Reaches Agreement With Kerry Co-op on 2021 Milk Prices
Kerry Group and Kerry Co-op, representing 12% of the group’s shareholders, agreed on milk payment terms for 2021. Kerry Group will pay suppliers 0.85 cent per litre for all qualifying 2021 milk volumes and 0.85 cent per litre for 2021 forward price scheme volumes, citing fulfillment of a like-for-like contractual commitment and the challenging inflationary farm conditions.