The main objective for Infagro was mapping the price dynamics of Ukrainian dairy market in the most simple way without reference to the categories of the raw milk producers and types of dairy products (milk, butter, cheese).
Indices are ideal for this purpose and show the trends in common format, i.e. points.
As a whole, the indices qualitatively reflects the price tendencies of raw milk market: milk prices are at record high level; after the market reached bottom in June, 2016, milk grew in price following an increase of export prices for commodity dairy products. Influence of export prices weakened in December, but milk market continued the growth under the pressure of producers.
The Infagro Raw Milk Index is a weighted average price for kilogram of milk from farms and households, VAT including, related to delivered volumes for processing for each category, taking January 2011 as 100 points.
According to actual data for November the Infagro Raw Milk Index made 210 points, which was 15 points (7.7%) higher than in October. The projected Index for December is 222 points, up 12 points (5.7%) from November and 40 points (22.0%) – from December 2015.
The Infagro Dairy Commodities Index is a weighted average of actual export volumes of three main products: SMP, butter, cheeses (cheese-like product is included into volumes together with cheeses, but not included into price indicator). January 2011 is taking as 100 points.
According to actual data for November the Infagro Dairy Commodities Index made 205 points, which was 4 points (2.0%) higher than in October. The projected index for December is 211 points, up 6 points (2.9%) from November and 32 points (17.9%) – from December 2015.
Infagro expects stabilization of dairy indices in January.