Product Specification:  cotton type 41-4 – color strict low middling (former type 6, fiber 30/32 mm, without characteristic); prices refer to trades in the Brazilian market, prompt delivery – prices paid to producer;
Unit of measurement/currency:  pound (0.453597 kg); released in cents of Real or cents of dollar per pound - It is a simple conversion of the value in Real to dollars – commercial exchange rate, asking price at 4:30 p.m. (Brasilia time);
Delivery: product delivered at the processor in São Paulo city;
Region of reference:

trades in the main cotton producing and consuming regions in Brazil: Santa Catarina, Rio de Janeiro, São Paulo, Rio Grande do Norte, Pernambuco, Alagoas, Paraíba, Ceará, Goiás, Bahia, Minas Gerais, Paraná, Tocantins, Mato Grosso and Mato Grosso do Sul;

Weighting base of regions:  arithmetic average of the collected trades;
Statistical treatment: the Index is calculated based on the sample data between two standard-deviations up or down compared to the sample average; 
Discount rate: 

Term prices are converted into cash prices and prices for payment in 8, 15 and 30 days by discounting the NPR (Rural Promissory Note) tax. 

Taxes The incidence of PIS/COFINS, CESSR (2.3% referring to the former Funrural) and the commission will depend on the agents involved in the transition (juridical or individual). In addition, there is an increase of freight for delivery in São Paulo city. ICSM is not considered;
Frequency daily;
Historic: since July 1996;
Agents consulted for the survey:

cotton growers, cotton processors, cooperatives, brokers, traders and textile industries; 

Other Cepea surveys for the cotton market:

  • Freight between the main origins and destinations and, especially, from approximately 15 regions to processors in São Paulo city;
  • Weighted averages of trades;
  • Registers of anticipated contracts trades for the Brazilian and international markets;
  • Price in the major producing regions;
  • Exports parity of cotton through Santos and Paranaguá ports;
  • Weekly average quotes of cottonseed in the major producing regions;
  • Surveys of textile products, imports and exports.


Source: Cepea




Joaquim Bento de Souza Ferreira Filho, Ph.D 
Professor of the Department of Economics, Management and Sociology

Chief Researcher
Lucilio Rogerio Aparecido Alves, Dr.

Research Assistant
Maria Aparecida Nogueira Serigatto Braghetta
Ana Luisa Corrêa