Dairy Index RDRC rose to 23.19 rubles (about 0.30 Euro)/kg
According to the application Index RDRC weighted average price of milk in Russia amounted to 21.31 rubles (about 0.27 Euro) / kg, which is 0.05% lower than the price at the beginning of last week and 7.02% lower than the price at the end of August 2017. Last week there was a decrease in the price of raw milk in some regions, for example, in Lipetsk, Saratov and Voronezh regions. However, in other regions the price of milk continued to grow, for example, in Moscow, Tyumen regions and Perm Krai.
It is worth reminding that to get access to information about the prices of raw milk in all regions of Russia, users need to get registered on the page of the application Index RDRC 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 last week rose by 2.25% to 29.51 rubles (about 0.38 Euro)/kg, which is 0.81% lower than in August 2017. At the Trigona Dairy Trade auction, the price of whey powder increased, the price of butter decreased, the prices of other dairy products remained at the same level, but the depreciation of the ruble on the day of trading was a factor in the growth of the import price index. The price of butter taking to account the exchange rate of the ruble grew by 2.34% to 435.87 rubles (about 5.57 Euro)/kg. The price of cheese rose by 4.2% to 269.45 rubles (about 3.44 Euro)/kg, the price of skimmed milk powder increased to 130.76 rubles (about 1.67 Euro)/kg, the price of whey powder increased by 11.6% to 65.78 rubles (about 0.84 Euro)/kg.
At the 218th auction GDT (Global Dairy Trade) as of August 21, 2018, the price index for dairy products fell by 3.6%. Prices for almost all exchange dairy products, except casein, decreased. However, the depreciation of the ruble raised the import price of products, for example, the price of whole milk price increased by 3.11% to 193.68 rubles (about 2.48 Euro)/ kg.
The import price of a pair of skimmed milk powder + butter rose by only 0.48% to 29.2 rubles (about 0.37 Euro) / kg (1 kg in terms of milk). The pair of cheese + whey is significantly more expensive, the price of the pair increased by 4.11% to 29.86 rubles (about 0.38 Euro)/kg. The price of whole milk powder increased by 3.12% to 22.79 rubles (about 0.29 Euro)/kg.
The new value of Dairy Index RDRC will be published on September 3, 2018.
Dairy Index RDRC
Dairy Index RDRC 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 RDRC, 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 – skimmed 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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