DairyIndex DIA again exceeded 29 rubles/kg

According to the application Index DIA, the weighted average price of milk in Russia increased by 0.42% to 26.41 rubles (about 0.30 euros)/kg, which is 4.8% higher than the price in late August 2020. Prices for raw milk decreased in Mocow and Altai regions. The increase in prices of milk was observed in Pskov, Ivanovo and Yaroslavl 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 Index DIA and enter current data on the price of raw milk. http://www.dairynews.ru/company/country/russia/index/

The import price index increased by 1.7% to 36.85 rubles (about 0.42 euros)/kg, compared to the end of August 2020, the indicator is 9.7% higher. The key factor in the growth of the indicator was the increase in the share of the most expensive pair of skimmed milk powder + butter in the calculation of the indicator due to the increase in the volume of imports of butter and skimmed milk powder, the price of skimmed milk powder at the BUCE auction and the prices at the Trigona Dairy Trade auction also increased.

DIA analysts have updated the data on the volume of imports of exchange-traded dairy products according to the latest statistics of the Federal Customs Service. The volume of imports of cheeses and whey powder decreased; the import of skimmed milk powder, butter and whole milk powder increased. In the calculation of the import price, the share of the pair cheese + whey decreased, but the share of whole milk powder and the share of the most expensive pair of skimmed milk powder + butter, increased, which led to an increase in the import price. At the same time, the share of the import price in the calculation of DairyIndex DIA decreased from 26.24% to 25.21% against the background of a decrease in the total volume of imports of exchange-traded products (due to a significant decrease in cheese imports).

At the BUCE auction, the price of skimmed milk powder increased by 2.3% compared to last week. At the auction of Trigona Dairy Trade, the price of whey powder increased, the prices of butter, skimmed milk powder and cheese remained at the level of the previous auction. The price of butter, taking into account the weakening of the ruble compared to the previous auction, increased by 0.3% to 342.12 rubles (about 3.94 euros)/kg, the price of cheddar increased to 311.8 rubles (about 3.59 euros)/kg, the price of skimmed milk powder increased to 216.5 rubles (about 2.49 euros)/kg. The price of whey powder increased by 3% to 83.15 rubles (about 0.96 euros)/kg.   

The 290th GDT (Global Dairy Trade) auction of August 17, 2021 ended with a slight increase. For the first time in a long while, the price index for dairy products showed a slight increase, 0.3%, prices for all key dairy products increased except for whole milk powder.

The import price of a pair of skimmed milk powder + butter increased by 0.8% to 40.66 rubles (about 0.47 euros)/kg (1 kg in terms of milk). The import price of a pair of cheese + whey increased by 0.56% to 34.18 rubles (about 0.39 euros)/kg. The price of whole milk powder remained at the level of 30.39 rubles (about 0.35 euros)/kg.   

The new value of Dairy Index DIA will be published on August 30, 2021. 

The Agency 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 Agency 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 – 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.