« BackKerry Group CEO believes milk price crisis has bottomed out

The CEO of Kerry Group believes the milk price crisis has bottomed out.

Stan McCarthy - Kerry Group

Stan McCarthy says there are several factors that lead to a significant drop in prices for dairy farmers.

These include former high prices, a slow down in emerging markets such as China and the Russian ban on dairy products.

Mr McCarthy says there are some signs that the market has more balance now and hopefully farmers will see some improvement, but it is too early to say when.