Dairy Index DIA started to decline
According to the application Index DIA, the weighted average price of milk in Russia decreased by 0.3% to 26.42 rubles (about 0.30 euros)/kg, which is 4% higher than the price in early June 2020. Prices for raw milk increased in Kaliningrad and Altai regions. The decline in prices for raw milk was observed in Krasnodar, Moscow and Kaluga 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 Index DIA and enter current data on the price of raw milk.
http://www.dairynews.ru/company/country/russia/index/
The import price index increased by 0.3% to 37.12 rubles (about 0.42 euros)/kg, compared to early June 2020 the index is higher by 19.7%. The key factor in the growth of the indicator was the increase in the price of butter at the BUCE auction, the price of butter increased by 2.8%. At the auction of Trigona Dairy Trade, prices for whey powder increased while prices for butter, skimmed milk powder and cheese remained at the level of the previous auction. The price of butter, taking into account the strengthening of the ruble compared to the last auction, decreased by 0.4% to 361.5 rubles (about 4.07 euros)/kg, the price of cheddar decreased to 316.9 rubles (about 3.57 euros)/kg, the price of skimmed milk powder decreased to 232 rubles (about 2.61 euros)/kg. The price of whey powder increased by 0.5% to 94.6 rubles (about 1.07 euros)/kg.
The 285th Global Dairy Trade auction of June 1, 2021 ended with a decline again. The price index for dairy products decreased by 0.9%, and prices for all products except cheddar decreased.
The import price of a pair of skimmed milk powder + butter increased by 0.6% to 40.22 rubles (about 0.45 euros)/kg (1 kg in terms of milk). The import price of a pair of cheese + whey decreased by 0.06% to 34.33 rubles (about 0.39 euros)/kg. The price of whole milk powder decreased by 0/2% to 29.79 rubles (about 0.34 euros)/kg.
The new value of Dairy Index DIA will be published on June 15, 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.