Dairy Index DIA has increased by 1.5% to 28.25 rubles (about 0.31 euros)/kg

The import price exceeded the peak in spring and reached 34.74 rubles (about 0.38 euros)/kg, the maximum of the last three years.

According to the application Index DIA, the weighted average price of milk in Russia last week increased by 0.55% to 25.62 rubles (about 0.28 euros)/kg, which is 3.1% higher than the price in October in 2019. Prices for raw milk increased in Krasnodar, Vologda and Omsk regions. The decline in prices for raw milk was observed in Rostov and Leningrad 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 on a weekly basis: http://www.dairynews.ru/company/country/russia/index/  

The import price index increased by 1.7% to 34.74 rubles (about 0.38 euros)/kg, compared to October 2019 the index is higher by 6.06%. At the auction of BUCE, the price of butter increased by 3.4%, the price of skimmed milk powder increased by 2.4%. At the auction of Trigona Dairy Trade, the prices for other exchange-traded dairy products increased. The price of butter, taking into account the strengthening of the ruble compared to the previous auction, increased by 1.2% to 315.5 rubles (about 3.46 euros)/kg, the price of cheddar increased by 5.9% to 310.9 rubles (about 3.40 euros)/kg, the price of skimmed milk powder increased by 0.9% to 201.2 rubles (about 2.20 euros)/kg. The price of whey powder increased by 1.8% to 66.76 rubles (about 0.73 euros)/kg.

DIA analysts updated data on the volume of imports of exchange-traded dairy products according to the latest statistics of the Federal customs service. The volume of imports of butter, whole milk powder and whey powder decreased, while the volume of imports of cheeses and skimmed milk powder increased. The share of the pair of skimmed milk powder + butter and whole milk powder decreased in the calculation of the import price while the share of the pair of cheese + whey increased. At the same time, the share of cheaper Belarusian products (except for whole milk powder) decreased, which also led to an increase in the prices of product pairs in the calculation of the indicator. The share of import prices when calculating the Dairy Index DIA increased from 26.9% to 28.9% due to a slowdown in the growth rate of raw milk production compared to the previous month, the volume of imports of exchange-traded products in terms of milk remained approximately at the same level, about 580 thousand tons. This was an additional factor in the growth of the Dairy Index DIA.

The import price of a pair of skimmed milk powder + butter increased by 2.5% to 36.96 rubles (about 0.40 euros)/kg (1 kg in terms of milk). The import price of a pair of cheese + whey increased by 0.86% to 32.98 rubles (about 0.36 euros)/kg. The price of whole milk powder remained at the level of 27.11 rubles (about 0.30 euros)/kg.  

The new value of Dairy Index DIA will be published on October 26, 2020. 

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.

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