Click here to check the complete methodology (in Portuguese).


Product specification: 

refrigerated raw milk, defined in the Normative Instruction IN-62 from December 29, 2011, traded between producers and industry/dairy cooperatives, in Reais (BRL) per liter.

Net prices are the values "received" by producers (without freight/taxes).

Gross prices are the values "paid" by producers and consider freight and taxes.

Values collected refer to prices paid and received in the current month, related to the volume collected in the previous month.

Unity of measurement/currency:  liter in dollar - originally calculated in Real; conversion to US dollar by commercial exchange rate, asking price at 4:30 pm (Brasilia time);
Delivery Gross prices include freight and taxes. Net price represents the value received by producers (no freight included and 2.3% CERSS – former - Funrural). The collected values refer to the price paid to producers in the current month, referring to the production delivered in the previous month;
Frequency Monthly;
Average price: the price average is weighted by volumes traded by producers, considering all volumes;
Price average of small production:  the price average is weighted by the volume traded by producers (equal or below 200 liters per day);
Price average of big production: the price average is weighted by the volume traded by producers (higher than 2,000 liters per day);
Mesoregional price average: Price averages weighted by monthly volumes traded of each producer in their mesoregions;
Price averages in the states: 

The average of prices in mesoregions is weighted by the volume share compared to the total produced in the state - for small and big production and for the general average (this one considers every information, disregarding the volume produced).

Brazil average:  The national average is composed by the weighting of average prices in the states of Rio Grande do Sul, Santa Catarina, Paraná, São Paulo, Minas Gerais, Goiás and Bahia. The weighting is based on the participation (in percentage) in the sample.

Gross prices: since July 1994 for GO, MG, SP, PR and RS; since September 1998 for BA; since August 2005 for Santa Catarina.

Net prices: since August 2004 for BA, GO, MG, SP, PR and RS; since August 2005 for SC.

Historic for the Brazil average (BA, GO, MG, SP, PR, SC and RS): Gross and net prices: since August 2005.
Agents consulted for the research:  cooperatives and dairy companies.

This methodology has started to be considered from January 2019 onwards.

Click here (in Portuguese) to understand the methodology change.

Click here (in Portuguese) to check the methodology used up to December 2018.


Source: Cepea




Geraldo Sant’Ana de Camargo Barros, Ph.D
Full professor of the Department of Economics, Management and Sociology

Chief Researcher
Sergio De Zen, Ph.D
Professor of the Department of Economics, Management and Sociology

Natália Salaro Grigol, M.a


Market Analyst

Juliana Cristina dos Santos

Research Assistants

Munira Nasrrallah

Laura Medeiros

Laiane Aparecida dos Santos