Dairy Index DIA has increased to 26.29 rubles (about 0.37 euros)/kg
According to the application Index DIA the weighted average price of milk in Russia last week increased by 0.2% to 24.85 rubles (about 0.35 euros)/kg, which is 14.6% higher than the price in October in 2018. Prices for raw milk increased in Nizhniy Novgorod, Moscow and Krasnodar regions. The decline in prices for raw milk was observed in Altai and Vologda 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 0.2% compared to last week to 30.53 rubles (about 0.43 euros)/kg, compared to October 2018, the growth of the index was 9.3%. The decline was due to the strengthening of the ruble. Last week at the Dutch stock exchange Trigona Dairy Trade, the prices of butter and whey powder increased, the prices of cheese and skim milk powder remained at the level of previous trading. The price of butter, taking into account the strengthening of the ruble rose by 0.8% to 255.25 rubles (about 3.59 euros)/kg, the price of cheddar decreased by 0.6% to 223.34 rubles (about 3.14 euros)/kg, the price of skim milk powder decreased by 0.6% to 170.17 rubles (about 2.39 euros)/kg. The price of whey powder increased by 3.96% to 48.9 rubles (about 0.69 euros)/kg.
At the 246th auction of the GDT (Global Dairy Trade) on October 15, 2019, the price index for dairy products continued to grow, the growth was 0.5%. The price of skim milk powder continued to rise, the prices of butter and cheddar continued to decrease. The price of whole milk powder decreased by 0.7% to 201.7 rubles (about 2.83 euros)/kg.
The import price of a pair of skim milk powder + butter decreased by 0.11% to 35.76 rubles (about 0.50 euros)/ kg (1 kg in terms of milk). The import price of a pair of cheese + whey decreased by 0.4% to 25.41 rubles (about 0.36 euros)/kg. The price of whole milk powder decreased by 0.04% to 22.94 rubles (about 0.32 euros)/kg.
The new value of Dairy Index DIA will be published on October 28, 2019.
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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