Dairy Index DIA amounted to 25.75 rubles (about 0.35 euros)/kg
According to the application Index DIA the weighted average price of milk in Russia last week decreased by 0.16% to 24.48 rubles (about 0.33 euros)/kg, which is 12.9% higher than the price in June 2018. In most of regions the price of raw milk are decreasing, for example, last week the price of milk decreased in Altai, Moscow and Yaroslavl regions. In some regions, for example, in Ulyanovsk region, prices have risen.
It is worth reminding that to get access to information about the prices for raw milk in all regions of Russia, users need to get registered on the page of the application Index DIA and enter current data on the price of raw milk on a weekly basis: http://www.dairynews.ru/company/country/russia/index/
The import price index decreased by 0.4% to 29.05 rubles (about 0.40 euros)/kg compared to last week; compared to June 2018 the growth was 3.4%. At the auction of Trigona Dairy Trade prices for the key exchange-traded products, cheese, butter, skim milk powder and whey powder decreased. The price of butter, taking into account the weakening of the ruble decreased by 1.6% to 263.77 rubles (about 3.60 euros)/kg, the price of cheddar fell by 0.44% to 227.14 rubles (about 3.10 euros)/kg, the price of skim milk powder decreased by 1.2% to 150.2 rubles (about 2.05 euros)/kg. The price of whey powder has decreased by 2.2% to of 53.12 rubles (about 0.73 euros)/kg.
At the 237th auction of GDT (Global Dairy Trade) on June 4, 2019, the price index for dairy products decreased by 3.4%. Prices for all dairy products except lactose and casein have decreased. https://www.dairynews.ru/news/indeks-tsen-na-molochnuyu-produktsiyu-global-dairy1111.html
DIA analysts have updated data on the volume of imports of dairy products. The share of the most expensive pair of butter + skim milk powder has increased; the share of whole milk powder has slightly increased, while the volume of cheaper Belarusian whole milk powder has significantly increased. The share of a pair of cheese + Whey in the total volume decreased. Imports in general increased, in this regard, the share of the Index of import price in the calculation of Dairy Index DIA increased, thereby softening the fall of the index against the background of lower prices for raw milk in Russian regions and prices for exchange-traded dairy products.
The price of imports of a pair of skim milk powder + butter decreased by 1.13% to 32.39 rubles (about 0.44 euros)/kg (1 kg in terms of milk). The import price of a pair of cheese + whey fell by 0.3% to 25.43 rubles (about 0.35 euros)/kg. The price of whole milk powder fell by 2.7% to 22.94 rubles (about 0.31 euros)/kg.
The new value of Dairy Index DIA will be published on June 17, 2019.
The Center launched the mobile app INDEX DIA for iOS and Android. You can now install the mobile app INDEX DIA by the following links:
In App store:
https://itunes.apple.com/us/app/milk-price-index-rdrc/id1434076000?l=ru&ls=1&mt=8
In Google play:
https://play.google.com/store/apps/details?id=com.dairynews.rdrc
Dairy Index DIA
Dairy Index DIA is calculated based on two key indicators, the weighted average price of milk in the Russian regions and the Index of import price. To calculate the weighted average price, the Center developed and launched a crowdsourcing application Index DIA, which allows accumulating current data on the prices of raw milk in the Russian regions from direct market participants, producers and processors of milk. The Index of import price is determined based on the prices of key exchange dairy products – skim milk powder, whole milk powder, butter, cheese and whey powder. The prices of imported dairy products are based on the prices of dairy products of the Belarusian universal commodity exchange (BUCE) and the prices at the sites of Trigona Dairy Trade and GlobalDairyTrade.
