Milk Price Index DIA

by Dairy Intelligence Agency


Business

free



The raw milk price indicator allows you to find out the weighted average price of raw milk in your region.Principle of operation:1. The index is intended only for companies participating in the milk market. To work with the Index you must be a milk producer or processor.2. Confidentiality. If you want to have information about raw milk prices, you need to share your price information. Information about your price will not be passed on to third parties and will only be used for the system to calculate the weighted average price for milk in your region.3. Responsibility. Your price, taking into account the volume of your milk, will influence the price of raw milk in your region. Therefore, you must understand that you are responsible for the information provided.4. Controllability. To avoid errors and unfair games, the program will not take into account your price indicators if they are 30% higher or lower than the average price in the region, as well as if fluctuations in the volume of your milk per week exceed 10% of the volume you previously specified.5. Regularity. The price of raw milk changes regularly. Therefore, price access must be updated weekly, that is, you must enter your raw milk price into the system weekly.How to access:1. Register in the application2. We will confirm access3. Provide information about your organization4. Access data by regionHow is the DIA Index calculated?1. Your data is used only to record the price of raw milk in the region and cannot be used by the system in any other way.2. The volume of milk purchased or sold is needed in order to take into account your share in the region. The more milk you produce or process, the more influence your price has on the price in the region.For example, if in your region a total of 100 tons of milk are produced per day at an average price of 25 rubles. for 1 kg., and you produce 5 tons and sell it for 26 rubles. per 1 kg, then the weighted average price in your region will be 25.05 rubles. per kg.If you produce 30 tons of milk at the same price, then the weighted average price in your region will be 25.3 rubles. per kg.How your data affects Index DIA in Russia.Your price also affects the price of raw milk in Russia. The price indicator for raw milk in Russia (Dairy Index DIA) is calculated based on data on milk prices in the regions, taking into account the region’s share in the ranking of industrial consumption of raw milk and the import price indicator. So your data is important to make the Russian milk market clearer.