|Product specification:||robusta coffee type 6, screen 13 above, up to 86 defects; the Index refers to trades in the wholesale market (between companies);|
|Unit of measurement/currency:||60-kilo bag. The Index is originally calculated in BRL (Real), but it is also released in US dollar. 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:||at the producing region (The Index does not include freight);|
|Reference region:||Colatina and São Gabriel da Palha, both in Espírito Santo State;|
|Calculation:||arithmetic average of prices in both reference regions;|
|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 FOR TERM PRICES:||NPR (Rural Promissory Note) rate|
|Taxes:||the Index considers traded values (with taxes);|
|Historic:||since November 2001;|
|Agents consulted for the survey:||cooperatives, stockbrokers, roasters and exporters;|
|Other Cepea surveys for the coffee market:||Conillon type 7/8, in Espírito Santo State; in Rondônia State, coffee up to 400 defects; regarding arabica coffee market: type 6, hard cup or better, and type 7, rio cup, in the following regions: Cerrado, southern Minas Gerais, Mogiana (São Paulo State), Garça (São Paulo State) and northwestern Paraná.|
Geraldo Sant'Ana de Camargo Barros, PhD.
Professor titular Esalq/USP; coordenador científico do Cepea
Margarete Boteon, Dra.
Fernanda Geraldini Palmieri
Renato Garcia Ribeiro