Dairy Index RDRC decreased by 0.48%

The price of milk in "regions-exporters" at the end of last week rose by 0.32% to 21.99 rubles/kg. The price of milk in "regions-importers" remained at 24.98 rubles/kg. The average weighted price of milk in “regions-importers” and “regions-exporters” amounted to 23.33 rubles/kg, by 0.17% higher compared to last week and by 4.53% above the October price in 2016.


 
The index of import price amounted to 28.56 rubles/kg, by 1.65% below the level last week in connection with falling prices at the auction Trigona Dairy Trade and with the decline of the Euro against the ruble. The current Index of import price is by 0.73% lower than it was in October 2016. 
Last week at Trigona Dairy Trade auction the prices decreased for skimmed milk powder, cheese, and whey powder. The price of skimmed milk powder, calculated in rubles, amounted to 106.4 rubles/kg, by 6.9% below the level of last week, the price of cheese decreased by 3.6% to 243.7 rubles/kg, the price of whey powder decreased by 8.2% to 42.9 rubles/kg. The price of butter remained unchanged, however, due to the devaluation of the Euro calculated in rubles butter has fallen in price by 0,89%, the price was 446.2 rubles/kg.

Thus the import price of a pair of skimmed milk powder + butter decreased by 0.6% to 33.07 rubles/kg (1 kg in recalculation on milk). The import price of a pair of Cheese + Whey fell by 3.3% to 27.02 rubles/kg.


 
New Dairy Index RDRC will be published on October 9. 

Dairy Index RDRC is calculated based on two key indicators, average weighted price of milk in “regions-exporters” (of raw milk) and “regions-importers” and Index of import price. The "regions-exporters " include the Republic of Tatarstan, Novosibirsk, Kirov and Yaroslavl regions;the "regions-importers" are Moscow region, Altai region, Krasnodar region and Bryansk region. The index of import price is based on the stock prices of key dairy products – skimmed milk powder, whole milk powder, butter, cheese and whey powder. Prices of imported dairy products are calculated based on the prices of dairy products of the Belarusian universal commodity exchange (BUCE) and the price at the sites of Trigona Dairy Trade and GlobalDairyTrade.

Read full article in Russian on DairyNews.ru