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In the News

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

Graham Watson

20th February 2023

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.

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.

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