Dairy Index DIA breaks new record
According to the application Index DIA, the weighted average price of milk in Russia last week increased by 0.11% to 26.41 rubles (about 0.29 euros)/kg, which is 4.4% higher than the price in early February 2020. Prices for raw milk increased in Yaroslavl, Kostroma regions and the Republic of Tatarstan. The decline in prices for raw milk was observed in Leningrad and Vologda regions.
It is worth reminding that to get access to information about the prices for raw milk in all regions of Russia, users need to be registered on the page of the application Index DIA and enter current data on the price of raw milk.
The import price index increased by 0.85% to 35.75 rubles (about 0.39 euros)/kg, compared to early February 2020 the index is higher by 11.6%. The key growth factor was the weakening of the ruble. At the auction of Trigona Dairy Trade the price of whey powder increased; prices for other dairy products remained at the level of the previous auction. The price of butter, taking into account the weakening of the ruble compared to the previous auction, increased by 3.6% to 331.7 rubles (about 3.59 euros)/kg, the price of cheddar increased to 308.6 rubles (about 3.34 euros)/kg, the price of skimmed milk powder increased to 230.3 rubles (about 2.50 euros)/kg. The price of whey powder increased by 4.65% to 87.5 rubles (about 0.95 euros)/kg.
The import price of a pair of skimmed milk powder + butter increased by 1.15% to 37.86 rubles (about 0.41 euros)/kg (1 kg in terms of milk). The import price of a pair of cheese + whey increased by 0.6% to 34.11 rubles (about 0.37 euros)/kg. The price of whole milk powder remained at the level of 27.48 rubles (about 0.30 euros)/kg.
The new value of Dairy Index DIA will be published on February 8, 2021.
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.
