# Unprecedented markets justify milk price rise - Reader TTS

> 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.

- Date: 2017-05-31 · published 2017-05-31T12:00:00.000Z
- Category: market · region Global · magnitude medium
- Page: https://feedsoft.ai/events/4354-unprecedented-markets-justify-milk-price-rise-reader-tts
- Commodities: [Milk (Class III)](https://feedsoft.ai/c/MILK.md), [British Pound (USD per GBP)](https://feedsoft.ai/c/GBPUSD.md)

## Why it matters

Tight European supply and low stocks push wholesale dairy values higher, supporting farmgate milk price increases and global dairy prices.

## Read by commodity

- MILK: bullish ▲
- GBPUSD: bearish ▼

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| MILK | 2017-06-01 | 1 | +6.7% | 12.4 | Record UK butter prices and a smaller-than-forecast European flush signal tightening global dairy supply, which supports sentiment and US dairy prices. |

## Sources

- readertts.com: https://readertts.com/article/page/fwi/business/unprecedented-markets-justify-milk-price-rise

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.