The price of milk continues to grow
According to the application Index DIA, the weighted average price of milk in Russia decreased by 0.11% to 26.54 rubles (about 0.30 euros)/kg, which is 3.15% higher than the price in March 2020. Prices for raw milk increased in Vologda, Omsk and Rostov regions. The decline in prices for raw milk was observed in Samara, Kaluga regions and in the Republic of Tatarstan.
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 increased by 0.5% to 36.43 rubles (about 0.41 euros)/kg, compared to early March 2020 the index is higher by 11.5%. The key growth factor was the increase in prices for exchange-traded dairy products. At the auction of BUCE the price of skimmed milk powder increased by 2.7%. At the auction of Trigona Dairy Trade the prices of skimmed milk powder and whey powder increased, the prices of cheese and butter remained at the level of the previous auction. The price of butter, taking into account the strengthening of the ruble compared to the previous auction, decreased by 1.34% to 372.9 rubles (about 4.25 euros)/kg, the price of cheddar decreased to 302.7 rubles (about 3.45 euros)/kg, the price of skimmed milk powder decreased by 0.3% to 215 rubles (about 2.45 euros)/kg. The price of whey powder increased by 7.9% to 92.15 rubles (about 1.05 euros)/kg.The import price of a pair of skimmed milk powder + butter increased by 1.01% to 39.07 rubles (about 0.44 euros)/kg (1 kg in terms of milk). The import price of a pair of cheese + whey decreased by 0.03% to 34.06 rubles (about 0.39 euros)/kg. The price of whole milk powder remained at the level of 28.28 rubles (about 0.32 euros)/kg.
The new value of Dairy Index DIA will be published on March 22, 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:
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.