|Product Specification:||cotton type 41-4 – color strict low middling (former type 6, fiber 30/32 mm, without characteristic);|
|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;
|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 and on the analysis of the coefficient of variation;|
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;|
|Historic:||since July 1996;|
|Agents consulted for the survey:||
cotton growers, cotton processors, cooperatives, brokers, traders and textile industries;
|Important:||Values refer to trades in the spot market, for prompt-delivery|
Other Cepea surveys for the cotton market:
For further information, please check the complete methodology (in Portuguese).
Joaquim Bento de Souza Ferreira Filho, Ph.D
Professor of the Department of Economics, Management and Sociology
Lucilio Rogerio Aparecido Alves, Dr.
Ana Luisa Corrêa
Jéssica Caroline Pereira