Skimmed milk powder and butter pull Dairy Index DIA down
According to the application Index DIA, the weighted average price of milk in Russia increased by 0.11% to 26.64 rubles (about 0.30 euros)/kg, which is 3.4% higher than the price in late March 2020. Prices for raw milk increased in Krasnodar, Tomsk and Omsk regions. The decline in prices for raw milk was observed in Kaluga and Volgograd 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.
The import price index decreased by 0.36% to 36.10 rubles (about 0.40 euros)/kg, compared to late March 2020 the index is higher by 6.7%. A key factor of the decline in the price index was a decrease in the share of the most expensive pair of exchange-traded products skimmed milk powder + butter, in addition, prices continued to decline at the auction of Trigona. At the same time at the auction of BUCE the price of skimmed milk powder decreased by 0.22%, the price of butter increased by 1.4%. At the auction of Trigona Dairy Trade the prices of whey powder, butter and cheese decreased, the price of skimmed milk powder remained at the level of the previous auction. The price of butter, taking into account the weakening of the ruble compared to the previous auction, increased by 0.08% to 355.4 rubles (about 3.98 euros)/kg, the price of cheddar increased by 0.6% to 305.9 rubles (about 3.42 euros)/kg, the price of skimmed milk powder increased by 2% to 224.9 rubles (about 2.52 euros)/kg. The price of whey powder increased by 1.1% to 91.8 rubles (about 1.03 euros)/kg.
DIA analysts have 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 skimmed milk powder, butter and whey powder decreased, and the volume of imports of whole milk powder and cheese increased. In the calculation of the import price, the share of the most expensive pair of skimmed milk powder + butter decreased, while the share of whole milk powder and the pair of cheese + whey increased. The share of the import price in the calculation of the Dairy Index DIA decreased from 29.39% to 27.93% against the background of a decrease in import volumes and an increase in milk production, which was a factor in the decline in the Dairy Index DIA.The import price of a pair of skimmed milk powder + butter increased by 0.78% to 38.95 rubles (about 0.44 euros)/kg (1 kg in terms of milk). The import price of a pair of cheese + whey increased by 0.82% to 34.35 rubles (about 0.38 euros)/kg. The price of whole milk powder increased by 1.44% to 28.93 rubles (about 0.32 euros)/kg.
The new value of Dairy Index DIA will be published on April 5, 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:
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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.