The strengthened ruble reduces the price of raw milk

Источник: The DairyNews
On May 4, 2021 Dairy Index DIA amounted to 29.45 rubles (about 0.33 euros)/kg (excluding VAT, fat and protein content 3.6% and 3.0% respectively), which is 0.07% lower than last week and 7.3% higher than in early May 2020. According to the Index DIA application, the key factor in the decline in the index was the strengthening of the ruble, which reduced the price of imports, while milk prices in the regions of the Russian Federation increased.

index 4 May 2021-1.jpg

According to the application Index DIA, the weighted average price of milk in Russia increased by 0.15% to 26.72 rubles (about 0.29 euros)/kg, which is 3.85% higher than the price in early May 2020. Prices for raw milk increased in Moscow and Omsk regions. The decline in prices for raw milk was observed in Nizhny Novgorod and Samara 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 decreased by 0.46% to 36.49 rubles (about 0.40 euros)/kg, compared to early May 2020 the index is higher by 7.5%. The key decrease factor was the strengthening of the ruble and decrease in price for butter. At the auction of BUCE the price of butter decreased by 1.4%. At the auction of Trigona Dairy Trade the price of skimmed milk powder and cheese increased, the prices for whey powder 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 2.05% to 356.1 rubles (about 3.93 euros)/kg, the price of cheddar decreased by 0.6% to 315.5 rubles (about 3.48 euros)/kg, the price of skimmed milk powder decreased by 1.08% to 229.9 rubles (about 2.54 euros)/kg. The price of whey powder decreased by 2.05% to 93.7 rubles (about 1.03 euros)/kg.

The import price of a pair of skimmed milk powder + butter decreased by 0.85% to 39.7 rubles (about 0.44 euros)/kg (1 kg in terms of milk). The import price of a pair of cheese + whey decreased by 0.12% to 34.45 rubles (about 0.38 euros)/kg. The price of whole milk powder remained at the level of 29.86 rubles (about 0.33 euros)/kg.  

The new value of Dairy Index DIA will be published on May 11, 2021. 

index 4 May 2021-2.jpg

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.

15.06.2021
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