DIA Dairy Index has risen to 25.77 (about 0.35 euros)/kg
According to the application Index DIA the weighted average price of milk in Russia last week increased by 0.9% to 24.53 rubles (about 0.33 euros)/kg, which is 15.11% higher than the price in late August in 2018. The growth of prices for raw milk was observed in Yaroslavl, Omsk and Krasnodar regions. Prices for raw milk decreased in Kaluga, Samara and Moscow 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 1.76% compared to last week to 29.43 rubles (about 0.40 euros)/kg, compared to August 2018, the growth of the index was 1.98%. The increase in the import price was caused by an increase in the share of imports of more expensive at the moment Belarusian butter and skim milk powder, when compared with the prices at the Dutch market Trigona Dairy Trade. DIA analysts updated data on the volume of imports of dairy products. The share of more expensive pair of skim milk powder + butter pair decreased from 52.2% to 49.6%, the share of a pair of cheese + whey pair increased from 47.2% to 49.9%, the share of whole milk powder decreased from 0.6% to 0.5%. At the same time, the share of more expensive at the moment Belarusian butter and skim milk powder has increased, which led to an increase in the price of this pair and an increase in the price of imports. In general, the volume of imports of all these exchange products decreased, respectively, the import price in the formula of Dairy Index DIA decreased from 27.7% to 25.4%.
At auction of BUCE the price of skim milk powder increased by 6.7% to 160 rubles (about 2.18 euros)/kg, meanwhile, the price of butter fell by 2.2% to 376.43 rubles (about 5.13 euros)/kg, the price of whey powder fell by 27.3% to 40 rubles (about 0.54 euros)/kg.
At Trigona Dairy Trade last week, the price of butter rose, the prices of other exchange-traded dairy products remained at the level of previous trades. The price of butter taking into consideration the strengthening of the ruble rose by 2.16% to 247.6 rubles (about 3.37 euros)/kg, the price of cheddar decreased by 0.85% to 218.5 rubles (about 2.98 euros)/kg, the price of skim milk powder decreased to 156.6 rubles (about 2.13 euros0/kg. The price of whey powder decreased to 43.7 rubles (about 0.60 euros)/kg.
At the 242nd GDT (Global Dairy Trade) auction on August 20, 2019, the price index for dairy products continued to decline. Prices for all exchange-traded dairy products, except for whole milk powder and cheddar have decreased.
The import price of a pair of skim milk powder + butter increased by 6.6% to 34.84 rubles (about 0.47 euros)/ kg (1 kg in terms of milk). The import price of a pair of cheese + whey decreased by 3% to 24.11 rubles (about 0.33 euros)/kg. The price of whole milk powder increased by 0.04% to 22.95 rubles (about 0.31 euros)/kg.
The new value of Dairy Index DIA will be published on September 2, 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:
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.
