Methodology

Product Specification: Crystal sugar – minimum 99.7 degrees of polarization and maximum 0.10% humidity. ICUMSA color predominant between 130 and 180, maximum 0.07% ashes, in new polypropylene bags, allocated to the domestic market;
Currency/Unit of measurement: Real per 50-kilo bag;
Delivery: no freight included. To be collected at the plant or warehouse – PVU 
Reference region: São Paulo State – divided into 6 regions: Piracicaba, Ribeirão Preto, Jaú, Assis, São José do Rio Preto and Araçatuba;
Weighting base of regions: average regional volume of the product allocated to the domestic market, considering the 2013/14, 2014/15 and 2015/16 crops;
Discount rate for term prices: since June 2003, CDI (Interbank Deposit Certificate);
Taxes  applied: 7% ICMS – until March 12, 2013, 9.25% PIS/Cofins was applied as well;
Statistical treatment: The Index is based on data between two standard-deviations up or down the sample average;
Frequency: daily;
Historical data: since April 1997;
Agents consulted for the survey: producing units (mills), purchasers (consumers) and large sales intermediaries;
Important: collected values refer to trades closed between mills and purchasers – price paid to growers (mill). The Index in US dollars is calculated by the commercial exchange rate for sales quotes at 4:30 p.m;
Main applications: The CEPEA/ESALQ Sugar Price Index has been used as the bases for trades in the cash market in São Paulo State. It is a reference for the calculation of the ton value of ATR (Total Recoverable Sugar), according to procedures from Consecana (SP), besides sponsoring studies and researches on this important segment of the Brazilian agribusiness.

 

Source: Cepea

Staff

Staff

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

Chief Researchers
Heloisa Lee Burnquist, Ph.D
Professor of the Department of Economics, Management and Sociology
hlburnqu@usp.br

Research Assistants

Maria Cristina Afonso

Silvia C. Michelin

Augusto Barbosa Maielli
Vanessa Vizioli