Dairy Index RDRC has declined to 23.71 rubles/kg
Источник: The DairyNews
Dairy Index RDRC as of April 2, 2018 amounted to 23.71 rubles/kg (excluding VAT, fat and protein content - 3.6% and 3.0% respectively), which is 1.6% lower than last week and 6.5% lower than in early April 2017. The main factors of the index decline: the decline in the price of raw milk in Russian regions, which is fixed by crowdsourcing application Index RDRC. At the same time, the growth of the Index of import price, associated with the increase in the price of butter at the exchange trades and the weakening of the ruble exchange rate at the end of last week, pulls up Dairy Index RDRC.
According to the application Index RDRC weighted average price of milk in Russia amounted to 22.67 rubles/kg, which is 2.5% lower than last week and 10.22% lower than in April 2017.
According to the crowdsourcing application Index RDRC raw milk prices in Russian regions continue to decline, for example, in Samara region the price fell by 1.2%.
We will remind that to get access to information about the prices of raw milk in all regions of Russia, users need to register on the page of the application Index RDRC and enter relevant data on the price of raw milk on a weekly basis: http://www.dairynews.ru/company/country/russia/index/
On the contrary, the Index of import price began to rise again. This figure rose last week by 0.8% to 26.84 rubles/kg, which is 4.6% higher than at the beginning of April 2017. At the auction Trigona Dairy Trade the price of butter increased, the price of whey powder, on the contrary, continued to fall. In rubles, taking into account the weakening of the ruble exchange rate against the Euro on the day of trading, the price of skimmed milk powder and cheese increased by 1.12% to 88.87 rubles/kg and 227.5 rubles, respectively. The price of butter in rubles increased by 3.22% to 348.36 rubles/kg. The price of whey powder despite the growth of the Euro exchange rate fell by 3.5% to 44.8 rubles/kg. At Belarusian universal commodity exchange (BUCE) the prices of dairy products remained at the level of previous trades.
In this regard, the import price of a pair of Skimmed milk powder + Butter rose by 0.65% to 29.22 rubles/kg (1 kg recalculated for milk). The import price of a pair of Cheese +Whey rose by 0.95% to 25.4 rubles/kg. The price of whole milk powder remained at the level of 22.94 rubles/kg.
New Dairy Index RDRC will be published on April 9, 2018.
Dairy Index RDRC
Dairy Index RDRC is calculated based on two key indicators, weighted average price of milk in Russian regions and the Index of import price. To calculate the weighted average price the Center developed and launched a crowdsourcing application Index RDRC, which allows accumulating current data on the prices of raw milk in Russian regions from direct market participants, producers and processors of milk. The index of import price is based on the stock prices of key dairy products – skimmed milk powder, whole milk powder, butter, cheese and whey powder. Prices of imported dairy products are calculated based on the prices of dairy products of the Belarusian universal commodity exchange (BUCE) and the price at the sites of Trigona Dairy Trade and GlobalDairyTrade.
Read full article in Russian on DairyNews.ru
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