Kerry Group reaffirms its commitment to milk suppliers

Kerry Group has reaffirmed its commitment to its milk suppliers in Munster amid local surprise at group CEO Stan McCarthy’s decision to step down from his role as co-op chief executive.

The group has confirmed that it is to enter mediation with the co-op’s suppliers on its promise to pay “the leading price” for milk.

The co-op has faced criticism from some suppliers in relation to new milk supply contracts, which some have interpreted as a suspension of Kerry’s “13th month” payment for this year.