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AHDB Dairy reports that wholesale dairy prices in the UK rose sharply in the second half of May, with butter hitting £4,300/t, its highest average since records began in 2000, and bulk cream up 13.3 percent on the month. The increases reflected a smaller-than-forecast European flush, low stocks and a weaker pound.
Tight European supply and low stocks push wholesale dairy values higher, supporting farmgate milk price increases and global dairy prices.
readertts.comReader TTSMay 31, 2017Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
Record UK butter prices and a smaller-than-forecast European flush signal tightening global dairy supply, which supports sentiment and US dairy prices.
