DairyIndex DIA continues to decline
According to the application Index DIA, the weighted average price of milk in Russia decreased by 0.11% to 26.24 rubles (about 0.30 euros)/kg, which is 4.4% higher than the price in July 2020. The decline in prices for raw milk was observed in Altai, Leningrad and Samara regions. The increase in prices of milk was observed in Oryol and Kaluga 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 decreased by 0.06% to 36.15 rubles (about 0.41 euros)/kg, compared to July 2020, the indicator is 10.4% higher. A key factor in the decline of the indicator was the decrease in prices for exchange-traded dairy products and strengthening of the ruble. The price of butter continued to grow at the BUCE auction; last week the average price of butter increased by 2.6%. At the same time, at the auction of Trigona Dairy Trade, prices of skimmed milk powder, cheese and whey powder decreased; the price of butter remained at the level of the previous auction. The price of butter, taking into account the strengthening of the ruble compared to the previous auction, decreased by 1% to 328.6 rubles (about 3.76 euros)/kg, the price of cheddar decreased by 2.45% to 299.9 rubles (about 3.43 euros)/kg, the price of skimmed milk powder decreased by 2% to 212.9 rubles (about 2.44 euros)/kg. The price of whey powder decreased by 2% to 81.7 rubles (about 0.94 euros)/kg.
The 288th auction of Global Dairy Trade of July 20, 2021 again ended with a decline. The price index for dairy products fell by 2.9%, prices for all key exchange-traded dairy products decreased except for cheddar.
The import price of a pair of skimmed milk powder + butter increased by 0.4% to 40.34 rubles (about 0.46 euros)/kg (1 kg in terms of milk). The import price of a pair of cheese + whey decreased by 0.4% to 33.82 rubles (about 0.39 euros)/kg. The price of whole milk powder decreased by 0.16% to 30.49 rubles (about 0.35 euros)/kg.
The new value of Dairy Index DIA will be published on August 2, 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.
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