The price of milk in Russia continued to decline

According to the application Index DIA, the weighted average price of milk in Russia decreased by 0.2% to 26.27 rubles (about 0.30 euros)/kg, which is 4.5% higher than the price in July 2020. The decline in prices for raw milk was observed in Voronezh, Moscow and Altai regions. The increase in prices of milk was observed in Perm and Omsk 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 0.03% to 36.17 rubles (about 0.41 euros)/kg, compared to July 2020, the indicator is 12.8% higher. A key factor in the growth of the indicator was the increase in prices for exchange-traded dairy products at the BUCE auction. The average price of butter at the BUCE auction increased by 0.7%, the average price of whole milk powder increased by 3.2%. At the same time, at the auction of Trigona Dairy Trade, prices of skimmed milk powder, butter and whey powder decreased; the price of cheese 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 1.6% to 332 rubles (about 3.79 euros)/kg, the price of cheddar decreased by 1.1% to 307.4 rubles (about 3.51 euros)/kg, the price of skimmed milk powder decreased by 2% to 217.4 rubles (about 2.48 euros)/kg. The price of whey powder decreased by 2.1% to 83.4 rubles (about 0.95 euros)/kg.  

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 skimmed milk powder, butter and cheeses decreased, the volume of imports of whole milk powder and whey powder increased. In the calculation of the import price, the share of the most expensive pair of skimmed milk powder + butter decreased, while the shares of whole milk powder and the pair of cheese + whey increased. The share of the import price in the calculation of the Dairy Index DIA decreased from 27.43% to 26.24% against the background of a decrease in import volumes and an increase in milk production in Russia, which was an additional factor in the decline in the Dairy Index DIA indicator.

The import price of a pair of skimmed milk powder + butter increased by 0.8% to 40.2 rubles (about 0.46 euros)/kg (1 kg in terms of milk). The import price of a pair of cheese + whey decreased by 0.24% to 33.95 rubles (about 0.39 euros)/kg. The price of whole milk powder increased by 2.2% to 30.54 rubles (about 0.35 euros)/kg.   

The new value of Dairy Index DIA will be published on July 26, 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.