June 11, 2013

The Brazilian market has introduced the daily price index which is a joint effort by the Centre for Advanced Studies in Applied Economics (CEPEA) and the Brazilian Egg Institute.

The prices of eggs on the daily index will vary depending on the two categories - product offered wholesale (includes shipping, "CIF") and removal of the area of production ("FOB"). Under the CIF category, prices in Greater São Paulo, Rio de Janeiro and Grande Grande Belo Horizonte are disclosed. For withdrawal of prices (FOB), industry stakeholders receive updates on the prices of eggs in the regions of Ribeirão Preto and Bastos, both in the state of São Paulo.

Producers, producer associations and buyers of wholesale segments have been consulted for the development of the price indicators. After specific data on the process of production and marketing of eggs are met, the CEPEA team begins a collection of daily market information and values are submitted under various statistical methods.

According to the president of the Brazilian Egg Institute, Rogério Belzer, "The process of formation of egg prices in the country still lacks references that provide greater information symmetry."

The Institute's executive director emphasised the latent need to produce updates on the egg market and the CEPEA/Brazilian Egg Institute partnership has made it possible to provide reliable data that will be beneficial to all.

The Brazilian Egg Institute is a non-profit organisation that aims to expand knowledge about eggs as a nutritional source and its health benefits.