The growth was caused by an increase in the import price due to the weakening of the ruble, while the price of raw milk in Russian regions according to the Application Index DIA began to decline.
According to the application Index DIA the weighted average price of milk in Russia last week decreased by 0.45% to 24.24 rubles (about 0.33 euros)/kg, which is 13.8% higher than the price in August in 2018. Prices for raw milk decreased in Samara, Omsk and Krasnodar regions. The rise in prices for raw milk was observed in Arkhangelsk, Ulyanovsk and Perm 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 get 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 1.4% compared to last week to 28.87 rubles (about 0.39 euros)/kg, compared to August 2018, the growth of the index was 4.5%. The growth in import prices was due to the weakening of the ruble. At the auction of BUCE the price of butter has decreased by 2.9% to 385 rubles (about 5.24 euros)/kg.At the auction of Trigona Dairy Trade prices for exchange-traded dairy products remained at the level of last trading. The price of butter taking into consideration the weakening of the ruble increased by 3.65% to 237.4 rubles (about 3.23 euros)/kg, the price of cheddar cheese increased to 222.8 rubles (about 3.04 euros)/kg, the price of skim milk powder increased to 149.7 rubles (about 2.04 euros)/kg. The price of whey powder increased to 45.65 rubles (about 0.62 euros)/kg.
At the auction of Global Dairy Trade (GDT), the price index for dairy products fell by 2.6%, prices for all exchange-traded dairy products decreased. The price if skim milk powder decreased by 1.6%, the price of whole milk powder decreased by 1.7%.
The import price of a pair of skim milk powder + butter has increased by 0.15% to 32.33 rubles (about 0.44 euros)/kg (1 kg in terms of milk). The import price of a pair of cheese + whey has increased by 3.37% to 25.13 rubles (about 0.34 euros)/kg. The price of whole milk powder remained at the level of 22.94 rubles (about 0.31 euros)/kg.
The new value of Dairy Index DIA will be published on August 19, 2019.
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.