Dairy Index DIA has decreased by 0.4% to 26.91 rubles (about 0.35 euros)/kg
According to the application Index DIA the weighted average price of milk in Russia last week decreased by 0.28% to 25.30 rubles (about 0.33 euros)/kg, which is 3.35% higher than the price in June in 2019. Prices for raw milk increased in Saratov and Vladimir regions. The decline in prices for raw milk was observed in Kaliningrad, Nizhny Novgorod and Altai 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 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 decreased by 0.77% to 30.78 rubles (about 0.40 euros)/kg, compared to June, 2019 the index is lower by 1.33%. The ruble strengthened slightly compared to last week. The price of Belarusian butter decreased by 0.3% last week, the price of cheese decreased by 2.3%, while the price of skimmed milk powder increased by 0.1%, the price of whole milk powder increased by 0.5%. At the auction of Trigona Dairy Trade, prices for butter and cheese increased, the price of whey powder decreased, and the price of skimmed milk powder remained at the level of the previous auction. The price of butter, taking into account the strengthening of the ruble, increased by 1.8% to 259.04 rubles (about 3.36 euros)/kg, the price of cheddar increased by 0.35% to 251.3 rubles (about 3.26 euros)/kg, the price of skimmed milk powder decreased by 1.2% to 173.9 rubles (about 2.25 euros)/kg. The price of whey powder decreased by 3.7% to 59.5 rubles (about 0.77 euros)/ kg.
The 261st GDT (Global Dairy Trade) auction on June 2, 2020 ended with a slight increase. The price index for dairy products increased by 0.1%, the price of whole milk powder increased, prices for skimmed milk powder and butter decreased, while due to the strengthening of the ruble against the dollar prices in the Russian currency decreased compared to May auction.
The import price of a pair of skimmed milk powder + butter increased by 0.13% to 29.94 rubles (about 0.39 euros)/ kg (1 kg in terms of milk). The import price of a pair of cheese + whey decreased by 1.8% to 31.84 rubles (about 0.41 euros)/kg. The price of whole milk powder decreased by 0.25% to 23.73 rubles (about 0.31 euros)/kg.
The new value of Dairy Index DIA will be published on June 15, 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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