Dairy Index DIA continues to break records
According to the application Index DIA, the weighted average price of milk in Russia last week increased by 0.3% to 26.38 rubles (about 0.29 euros)/kg, which is 4.4% higher than the price in January 2020. Prices for raw milk increased in Yaroslavl, Altai regions and the Republic of Bashkortostan. The decline in prices for raw milk was observed in the Republic of Tatarstan 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 be registered on the page of the application Index DIA and enter current data on the price of raw milk on a weekly basis:
The import price index increased by 1% to 35.45 rubles (about 0.39 euros)/kg, compared to January 2020 the index is higher by 10.9%. The key growth factor was the increase in prices for exchange-traded dairy products, while the strengthening of the ruble restrained the growth of the indicator. At the auction of Trigona Dairy Trade the prices of skimmed milk powder, butter, whey powder and cheese increased. The price of butter, taking into account the strengthening of the ruble compared to the previous auctions, increased by 3.6% to 320.3 rubles (about 3.54 euros)/kg, the price of cheddar increased by 3.9% to 298.04 rubles (about 3.30 euros)/kg, the price of skimmed milk powder increased by 7.8% to 222.4 rubles (about 2.46 euros)/kg. The price of whey powder increased by 7.8% to 83.6 rubles (about 0.92 euros)/kg.
The 276th auction of GDT (Global Dairy Trade) of January 19, 2021 ended in growth again. The price index for dairy products rose by 4.8%, and prices for all exchange-traded dairy products except cheddar increased.
The import price of a pair of skimmed milk powder + butter increased by 1.5% to 37.43 rubles (about 0.41 euros)/kg (1 kg in terms of milk). The import price of a pair of cheese + whey increased by 0.65% to 33.91 rubles (about 0.38 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 1, 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:
In Google play:
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.