Main menu For students For teachers Explore our subjects Student events & courses

Explore

More for students
Sign in

Teaching Economics

In the News

Supply and demand in action - why the price of milk has soared in the UK

Graham Watson

20th February 2023

Share this content:

Why did milk prices reach an all-time wholesale price record in December?

Source: https://ahdb.org.uk/dairy/uk-farmgate-milk-prices

This Guardian article looks at the juxtaposition of factors that have caused this: higher input prices, including fuel and fertiliser, and labour shortages. Excellent for a mini case study on the causes of changing market prices.

Share this content:

Graham Watson

Graham Watson has taught Economics for over twenty years. He contributes to tutor2u, reads voraciously and is interested in all aspects of Teaching and Learning.

You might also like

Mastering the Market: Decoding the Supply Curve and its Determinants

11th September 2026

In the News Teaching Activity – How is climate change affecting the tea market? (May 2026)

18th May 2026

Micro Case Study: Ofgem and Price Caps

Topical case studies

Micro Case Study: London's Housing Market

Topical case studies

In the News Teaching Activity – Why are NCP car parks going out of business? (Mar 2026)

26th March 2026

Surging Oil Prices and the Risk of Stagflation for the UK

14th March 2026

In the News Teaching Activity – Why has the price of silver been rising? (Dec 2025)

15th December 2025

In the News Teaching Activity – Toy sales are rising (Nov 2025)

20th November 2025