Dairy Index RDRC rose by 0.9% to 25.83 rubles (about 0.35 euros)/kg

Источник: The DairyNews
On March 25, 2019 Dairy Index RDRC amounted to 25.83 rubles (about 0.35 euros)/kg (excluding VAT, fat and protein content 3.6% and 3.0% respectively), which is 0.9% higher than at the beginning of last week and 7.18% higher than at the end of March 2018. The growth of the index was due to the increase in prices for skim milk powder and butter at the BUCE auction despite the decrease in prices for raw milk in Russian regions according to the application Index RDRC and due to strengthening of the ruble.

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According to the application Index RDRC the weighted average price of milk in Russia last week decreased by 0.04% to 24.48 rubles (about 0.34 euros)/ kg, which is 5.25% higher than the price at the end of March 2018. Milk prices continued to rise in Altai region; the price of milk in Rostov and Lipetsk regions has also increased. The prices decreased in Voronezh region, Krasnodar region and Kaluga region.

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 RDRC 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 rose by 3.14% to 29.57 rubles (about 0.41 euros)/kg compared to last week, in comparison with the end of March 2018 the growth was 10.79%. A key factor in the growth of the import price index was the increase in prices for butter and skim milk powder at the BUCE auction last week. The average price for skim milk powder at the Belarusian universal commodity exchange grew by 13% to 153 rubles (about 2.10 euros)/kg, the average price for butter increased by 3.6% to 363.2 rubles (about 4.98 euros)/kg. The increase was associated with the increase of the minimum recommended export prices for dairy products. http://www.dairynews.ru/news/ekaterina-zakharova-rost-eksportnykh-tsen-na-belor.html?sphrase_id=2682972

The growth in prices continued at the auction of Global Dairy Trade, the price index for dairy products of GDT rose by 1.9%, butter rose by 9.3%, whole milk powder - by +4%, the price of skim milk powder, on the contrary, decreased by 2.4%. http://www.dairynews.ru/news/tsena-na-slivochnoe-maslo-na-torgakh-gdt-vyrosla-n19.html

At the auction of Trigona Dairy Trade the dynamics of price growth was consistent with the New Zealand trend, prices for skim milk powder and whey powder decreased, the price of cheddar remained at the level of the last auction, the price of butter increased. The price of butter taking into consideration the strengthening of the ruble grew by 3.2% to 305.7 rubles (about 4.19 euros)/kg, the price of cheddar fell by 1.7% to 225.6 rubles (about 3.09 euros)/kg. The price of skim milk powder decreased by 4.3% to 134.6 rubles (about 1.85 euros)/kg, the price of whey powder decreased by 5.4% to 56.77 rubles (about 0.78 euros)/kg.

The import price of a pair of skim milk powder + butter has increased by 7% to 33.67 rubles (about 0.46 euros)/kg (1 kg in terms of milk). The import price of a pair of cheese + whey has decreased by 1.74% to 25.37 rubles (about 0.35 euros)/kg. The price of whole milk powder has increased by 1.3% to 23.89 rubles (about 0.33 euros)/kg.

The new value of Dairy Index RDRC will be published on April 1, 2019. 

The Center launched the mobile app INDEX RDRC for iOS and Android. You can now install the mobile app INDEX RDRC 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 RDRC
Dairy Index RDRC 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 RDRC, 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.

Read full article in Russian on © DairyNews.ru

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