The price of milk has started to grow

According to the application Index DIA, the weighted average price of milk in Russia increased by 0.42% to 26.57 rubles (about 0.30 euros)/kg, which is 3.4% higher than the price in March 2020. Prices for raw milk increased in Moscow, Oryol and Kirov regions. The decline in prices for raw milk was observed in Sverdlovsk and Nizhny Novgorod 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 the application Index DIA and enter current data on the price of raw milk.

The import price index increased by 1.34% to 36.25 rubles (about 0.41 euros)/kg, compared to March 2020 the index is higher by 12.12%. The key growth factor was the increase in prices for exchange-traded dairy products. At the auction of Trigona Dairy Trade the prices of cheese, skimmed milk powder, butter and whey powder increased. The price of butter, taking into account the strengthening of the ruble compared to the previous auction, increased by 9.7% to 378 rubles (about 4.30 euros)/kg, the price of cheddar increased by 0.8% to 306.85 rubles (about 3.49 euros)/kg, the price of skimmed milk powder increased by 1.5% to 215.7 rubles (about 2.45 euros)/kg. The price of whey powder increased by 2.6% to 85.4 rubles (about 0.97 euros)/kg. 

The 279th auction of GDT (Global Dairy Trade) of March 2, 2021 ended with growth again.

The price index for dairy products increased by 15%, and prices for all exchange-traded dairy products except buttermilk increased.

The import price of a pair of skimmed milk powder + butter increased by 2.5% to 38.68 rubles (about 0.44 euros) /kg (1 kg in terms of milk). The import price of a pair of cheese + whey increased by 0.2% to 34.07 rubles (about 0.39 euros)/kg. The price of whole milk powder remained at the level of 28.28 rubles (about 0.32 euros)/kg.

The new value of Dairy Index DIA will be published on March 15, 2021. 

The Center 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.

In Google play.

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 Center 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 – skim 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.