Agreement's been reached between Meat Industry Ireland representatives and Farm Organisations in the beef dispute.
In a statement, the Agriculture Minister, Michael Creed says the talks have ended this afternoon.
They've agreed on a two strand agreement for the reform of the Irish Beef Sector.
The deal involves a number of interventions, to provide immediate benefit for beef producers, as well as a range of strategic steps to address structural imbalances in the sector.
The Minister says a number of actions in the area of market transparency, beef promotion and strengthening the position of the farmer in the supply chain were agreed upon.
The agreement includes...
An increase of 66% in the current in-spec bonus for steers and heifers from 12c/kg to 20c/kg;
The introduction of a new bonus of 8c/kg for steers and heifers aged between 30 to 36 months, which meet all non-age related existing in-spec criteria, and which up to now have not received any bonus;
The introduction of a number of new bonuses and reforms.
An independent Beef Market taskforce will also be established.
The agreement will come into effect once blockades end outside all meat factories.