Dairy Index DIA has decreased by 0.04% to 27.13 rubles (about 0.34 euros)/kg
According to the application Index DIA the weighted average price of milk in Russia last week decreased by 0.3% to 25.60 rubles (about 0.32 euros)/kg, which is 4.5% higher than the price in May in 2019. Prices for raw milk increased in Saratov region. The decline in prices for raw milk was observed in Moscow and Krasnodar.
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 the application Index DIA and enter current data on the price of raw milk on a weekly basis: http://www.dairynews.ru/company/country/russia/index/
The import price index increased by 1.07% to 31.11 rubles (about 0.39 euros)/kg, compared to May 2019, the indicator is higher by 1.8%. The key growth factor was the weakening of the ruble and the increase in the share of more expensive exchange-traded dairy products in imports. DIA analysts updated import data, import volumes decreased and, accordingly, the share of imports in the Index calculation formula decreased. At the same time, the volumes and shares of more expensive Belarusian products have increased, and this is associated with an increase in the import price of pairs of exchange-traded products.
The average price of Belarusian butter increased by 1.5% to 345 rubles (about 4.31 euros)/kg. At the auction of Trigon Dairy Trade, prices for butter and whey powder increased, while prices for skimmed milk powder and cheese remained at the level of previous auction. The price of butter, taking into account the weakening of the ruble, increased by 4.8% to 228.17 rubles (about 2.85 euros)/kg, the price of cheddar increased by 1.2% to 244.19 rubles (about 3.05 euros)/kg, the price of skimmed milk powder increased by 1.2% to 156.12 rubles (about 1.95 euros)/kg. The price of whey powder increased by 4% to 59.25 rubles (about 0.74 euros)/kg.
The 259th auction of GDT (Global Dairy Trade) on May 5, 2020 ended in a decline; however, the rate of decline has slowed. The price index for dairy products decreased only by 0.8%, prices for skimmed milk powder and whole milk powder showed a slight increase.
The import price of a pair of skimmed milk powder + butter increased by 3.13% to 35.55 rubles (about 0.44 euros)/ kg (1 kg in terms of milk). The import price of a pair of cheese + whey increased by 1.03% to 27.39 rubles (about 0.34 euros)/kg. The price of whole milk powder increased by 9.6% to 28.20 rubles (about 0.35 euros)/kg.
The new value of Dairy Index DIA will be published on May 18, 2020.
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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