The price of milk imports to Russia has broken a record

Источник: The DairyNews
On September 13, 2021 Dairy Index DIA amounted to 29.53 rubles (about 0.34 euros)/kg (excluding VAT, fat and protein content - 3.6% and 3.0%respectively), which is 1.3% higher than last week and 7% higher than in September 2020. A key factor in the growth of the indicator was an increase in the import price caused by an increase in prices for exchange-traded dairy products. Prices for raw milk in the Russian regions also continued to grow, according to the Index DIA application. The import price broke the record of recent years, reaching 37.37 rubles (about 0.43 euros)/kg, in dollars the price was 0.5 $/kg, 2.4% higher than in June 2021 and 13.2% higher than in September 2020.
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According to the application Index DIA, the weighted average price of milk in Russia increased by 0.26% to 26.59 rubles (about 0.31 euros)/kg, which is 5.3% higher than the price in September 2020. Prices for raw milk decreased in the Republic of Bashkortostan and in Perm region. The increase in prices of milk was observed in Pskov, Yaroslavl and Chelyabinsk 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 1.1% to 37.37 rubles (about 0.43 euros)/kg, compared to the beginning of September 2020, the indicator is 10.3% higher. The key factor was the increase in prices for exchange-traded products. At the auction of Trigona Dairy Trade, the prices of skimmed milk powder, cheese, butter and whey powder increased. The price of butter, taking into account the weakening of the ruble compared to the previous auction, increased by 10% to 376 rubles (about 4.36 euros)/kg, the price of cheddar increased by 5.8% to 328.6 rubles (about 3.81 euros)/kg, the price of skimmed milk powder increased by 4% to 224.8 rubles (about 2.61 euros)/kg. The price of whey powder increased by 4.5% to 86.5 rubles (about 1.00 euros)/kg.    

The 291st GDT (Global Dairy Trade) auction of September 7, 2021 again ended with growth. The price index for dairy products continued to grow, the growth was 4%, prices for all key dairy products increased.

In addition, DIA analysts updated the 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 cheeses, butter, skimmed milk powder and whey powder increased, only the volume of imports of whole milk powder decreased. In the calculation of the import price, the shares of pairs of cheese + whey and skimmed milk powder + butter slightly increased, the share of whole milk powder decreased. The share of the import price in the calculation of the Dairy Index DIA increased from 25.21% to 27.24% against the background of an increase in the total volume of imports of exchange-traded products, which became an additional factor in the growth of the index.

The import price of a pair of skimmed milk powder + butter increased by 1.9% to 41.66 rubles (about 0.48 euros)/kg (1 kg in terms of milk). The import price of a pair of cheese + whey increased by 0.2% to 34.25 rubles (about 0.40 euros)/kg. The price of whole milk powder increased by 0.2% to 30.45 rubles (about 0.35 euros)/kg.

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The new value of Dairy Index DIA will be published on September 20, 2021. 

The Agency 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 import price index. To calculate the weighted average price, the Agency developed and launched a crowdsourcing application Index DIA, which allows accumulating current data on the prices of raw milk in Russian regions from direct market participants, producers and processors of milk. The import price index is determined based on the prices of key exchange dairy products – skimmed 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.



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