Weak ruble boosts Dairy Index DIA

On January 31, 2022 Dairy Index DIA amounted to 34.32 rubles (about 0.40 euro)/kg (excluding VAT, fat and protein content of 3.6% of and of 3.0% of respectively), which of 0.15% of higher than last week and of 17.3% of higher than in late January 2021. The index continues to break records. The key factor in the growth of the index was the increase in import prices due to weakening of the ruble, growth of the index was also facilitated by increase in prices for raw milk in Russian regions according to the Milk Price Index DIA application. According to the application Milk Price Index DIA, weighted average...