The import price has broken a new record

The import price continues to grow, the key factor of such dynamics is the growth of prices for exchange-traded dairy products. Last week, the prices of butter increased at the auctions of BUTB and Trigona Dairy Trade. As a result, the import price increased by 0.9% to 37.65 rubles (about 0.44 euros)/kg, compared to September 2020, the indicator is 10.6% higher. The import price pushes up the key indicator of the growth dynamics of raw milk price on the Russian market, the Dairy Index DIA, which currently stands at 29.65 rubles (about 0.35 euros)/kg (excluding VAT, fat and protein content - 3.6% and 3.0% respectively), which is 0.4% higher than last week and 7% higher than at the end of September 2020.

In dollars, the import price increased by 0.5% compared to last week to $ 0.52 per kg; compared to the beginning of 2021, the price is 9% higher.

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 import price index. 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 Russian regions from direct market participants, producers and processors of milk. The import price index 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.