The strengthening of the ruble restrained the growth of milk price

Источник: The DairyNews
On April 26, 2021 Dairy Index DIA amounted to 29.47 rubles (about 0.33 euros)/kg (excluding VAT, fat and protein content 3.6% and 3.0% respectively), which is 7.6% higher than in late April 2020. According to the Index DIA application, the import price increased due to the increase in prices for exchange-traded dairy products, while the strengthened ruble restrained the growth of import prices and milk prices in the regions of the Russian Federation.

index 26 Apr 2021-1.jpg

According to the application Index DIA, the weighted average price of milk in Russia decreased by 0.11% to 26.68 rubles (about 0.29 euros)/kg, which is 3.5% higher than the price in late April 2020. Prices for raw milk increased in the Chuvash Republic and Moscow regions. The decline in prices for raw milk was observed in Samara, Ulyanovsk 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.

http://www.dairynews.ru/company/country/russia/index/

The import price index increased by 0.16% to 36.66 rubles (about 0.41 euros)/kg, compared to late April 2020 the index is higher by 8.5%. The key growth factor was the increase in price for butter and whole milk powder. At the auction of BUCE the price of whole milk powder increased by 1%, the price of butter increased by 1.6%. At the auction of Trigona Dairy Trade the price of whey powder increased, the prices for cheese, skimmed milk 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 0.21% to 363.6 rubles (about 4.02 euros)/kg, the price of cheddar decreased 317.5 rubles (about 3.51 euros)/kg, the price of skimmed milk powder decreased to 232.4 rubles (about 2.57 euros)/kg. The price of whey powder increased by 0.8% to 95.7 rubles (about 1.06 euros)/kg.   

The 282nd auction of GDT (Global Dairy Trade) of April 20, 2021 ended with a slight decline. The price index for dairy products decreased by 0.1%, prices for butter and dehydrated milk fat decreased, prices for milk powder are stable.

The import price of a pair of skimmed milk powder + butter increased by 0.3% to 40.04 rubles (about 0.44 euros)/kg (1 kg in terms of milk). The import price of a pair of cheese + whey remained at the level of 34.49 rubles (about 0.38 euros)/kg. The price of whole milk powder increased by 0.95% to 29.86 rubles (about 0.33 euros)/kg.   

The new value of Dairy Index DIA will be published on May 4, 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:

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.

 

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04.05.2021
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