{"id":15543,"date":"2020-04-24T10:22:09","date_gmt":"2020-04-24T13:22:09","guid":{"rendered":"https:\/\/www.cecafe.com.br\/market-indicators\/ipep-conilon\/"},"modified":"2026-02-11T16:03:20","modified_gmt":"2026-02-11T19:03:20","slug":"ipep-conilon","status":"publish","type":"page","link":"https:\/\/www.cecafe.com.br\/en\/market-indicators\/ipep-conilon\/","title":{"rendered":"IPEP &#8211; Conilon"},"content":{"rendered":"<div class=\"fusion-fullwidth fullwidth-box fusion-builder-row-1 fusion-flex-container nonhundred-percent-fullwidth non-hundred-percent-height-scrolling\" style=\"--awb-border-radius-top-left:0px;--awb-border-radius-top-right:0px;--awb-border-radius-bottom-right:0px;--awb-border-radius-bottom-left:0px;--awb-flex-wrap:wrap;\" ><div class=\"fusion-builder-row fusion-row fusion-flex-align-items-flex-start fusion-flex-content-wrap\" style=\"max-width:1216.8px;margin-left: calc(-4% \/ 2 );margin-right: calc(-4% \/ 2 );\"><div class=\"fusion-layout-column fusion_builder_column fusion-builder-column-0 fusion_builder_column_1_1 1_1 fusion-flex-column\" style=\"--awb-bg-size:cover;--awb-width-large:100%;--awb-margin-top-large:0px;--awb-spacing-right-large:1.92%;--awb-margin-bottom-large:0px;--awb-spacing-left-large:1.92%;--awb-width-medium:100%;--awb-spacing-right-medium:1.92%;--awb-spacing-left-medium:1.92%;--awb-width-small:100%;--awb-spacing-right-small:1.92%;--awb-spacing-left-small:1.92%;\"><div class=\"fusion-column-wrapper fusion-flex-justify-content-flex-start fusion-content-layout-column\"><div class=\"fusion-text fusion-text-1\"><h2><strong>IPEP-C 2025.4 \u2013 Producer Export Participation Index \u2013 Conilon Coffee<\/strong><\/h2>\n<h3 style=\"text-align: left;\">Conilon IPEP<\/h3>\n<p>The Conilon Producer Export Participation Index (IPEP-C) reached 98.1% in 2025, once again confirming the strong competitiveness, efficiency, and transparency of Brazil\u2019s Conilon coffee export sector.<\/p>\n<p>Calculated and released on a semiannual basis by Cecaf\u00e9, the index compares the average domestic price received by producers with the FOB value of Brazilian Conilon coffee exports, based on the three-month weighted CEPEA\/ESALQ price series.<\/p>\n<p>An annual average of 98.1% indicates a gap of just 1.9% between the domestic price paid to producers and the FOB export value. This margin is clearly insufficient to cover total export operating costs, including coffee preparation and reprocessing, financial costs, inland and port logistics, and operational and commercial expenses.<\/p>\n<p>The sector operated under severe conditions, with extremely compressed margins while simultaneously maximizing the value passed on to producers.<\/p>\n<p>Prices in 2025 were also exceptional, reaching the highest levels on record for Conilon coffee. Both domestic Conilon prices and FOB values reached record levels, reflecting Brazil\u2019s strong commercial efficiency.<\/p>\n<p>Even at record price levels, producer participation remained exceptionally high, underscoring Brazil\u2019s position as a global benchmark in the pass-through of international prices to the domestic market.<\/p>\n<p>Compared with other producing countries, Brazil continues to stand out as the market where the largest share of FOB value is passed directly on to producers, reflecting the structural and commercial efficiency of the national coffee supply chain.<\/p>\n\n<div class=\"wpdt-c wdt-skin-light\">\n    \n    <input type=\"hidden\" id=\"table_1_desc\"\n           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data-wpdatatable_id=\"94\">\n        \n        <!-- Table header -->\n        \n<thead>\n<tr>\n                    <th\n        data-class=\"expand\"                class=\" wdtheader sort \"\n        style=\"\">        Per\u00edodo<\/th>        <th\n                        class=\" wdtheader sort \"\n        style=\"\">        Pre\u00e7o FOB (US$\/saca)<\/th>        <th\n                        class=\" wdtheader sort \"\n        style=\"\">        Pre\u00e7o CEPEA (US$\/saca)<\/th>        <th\n                        class=\" wdtheader sort \"\n        style=\"\">        M\u00e9dia Ponderada (US$\/saca)<\/th>        <th\n                        class=\" wdtheader sort \"\n        style=\"\">        IPEP-C (%)<\/th>    <\/tr>\n<\/thead>\n        <!-- \/Table header -->\n\n        <!-- Table body -->\n        \n<tbody>\n<!-- Table body -->\n<div data-id=\"94\"\n     class=\"wdt-timeline-item wdt-timeline-table_1\"\n     style=\"\">\n    <div class=\"wdt-table-loader\">\n        <div 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class=\"wdt-table-loader-cell wdt-animated-background\"><\/div>\n                <div class=\"wdt-table-loader-cell wdt-animated-background\"><\/div>\n                <div class=\"wdt-table-loader-cell wdt-animated-background\"><\/div>\n            <\/div>\n                    <div class=\"wdt-table-loader-row\">\n                <div class=\"wdt-table-loader-cell wdt-animated-background\"><\/div>\n                <div class=\"wdt-table-loader-cell wdt-animated-background\"><\/div>\n                <div class=\"wdt-table-loader-cell wdt-animated-background\"><\/div>\n            <\/div>\n                    <div class=\"wdt-table-loader-row\">\n                <div class=\"wdt-table-loader-cell wdt-animated-background\"><\/div>\n                <div class=\"wdt-table-loader-cell wdt-animated-background\"><\/div>\n                <div class=\"wdt-table-loader-cell wdt-animated-background\"><\/div>\n            <\/div>\n            <\/div>\n<\/div><!-- \/Table body -->\n                  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    <td style=\"\">178.59<\/td>\n                            <td style=\"\">168.92<\/td>\n                            <td style=\"\">94.2<\/td>\n                    <\/tr>\n                            <tr id=\"table_94_row_3\"\n            data-row-index=\"3\">\n                            <td style=\"\">2024 Tri 1<\/td>\n                            <td style=\"\">170.74<\/td>\n                            <td style=\"\">168.97<\/td>\n                            <td style=\"\">157.93<\/td>\n                            <td style=\"\">92.5<\/td>\n                    <\/tr>\n                            <tr id=\"table_94_row_4\"\n            data-row-index=\"4\">\n                            <td style=\"\">4 2024<\/td>\n                            <td style=\"\">213.18<\/td>\n                            <td style=\"\">185.75<\/td>\n                            <td style=\"\">178.5<\/td>\n                            <td style=\"\">83.7<\/td>\n                    <\/tr>\n                            <tr id=\"table_94_row_5\"\n            data-row-index=\"5\">\n                            <td style=\"\">5 2024<\/td>\n                            <td style=\"\">195.76<\/td>\n                            <td style=\"\">198.25<\/td>\n                            <td style=\"\">186.1<\/td>\n                            <td style=\"\">95.1<\/td>\n                    <\/tr>\n                            <tr id=\"table_94_row_6\"\n            data-row-index=\"6\">\n                            <td style=\"\">6 2024<\/td>\n                            <td style=\"\">225.17<\/td>\n                            <td style=\"\">210.87<\/td>\n                            <td style=\"\">197.02<\/td>\n                            <td style=\"\">87.5<\/td>\n                    <\/tr>\n                            <tr id=\"table_94_row_7\"\n            data-row-index=\"7\">\n                            <td style=\"\">2024 Tri 2<\/td>\n                            <td style=\"\">211.37<\/td>\n                            <td style=\"\">198.29<\/td>\n                            <td style=\"\">187.21<\/td>\n                            <td style=\"\">88.6<\/td>\n                    <\/tr>\n                            <tr id=\"table_94_row_8\"\n            data-row-index=\"8\">\n                            <td style=\"\">7 2024<\/td>\n                            <td style=\"\">217.99<\/td>\n                            <td style=\"\">229.1<\/td>\n                            <td style=\"\">210.73<\/td>\n                            <td style=\"\">96.7<\/td>\n                    <\/tr>\n                            <tr id=\"table_94_row_9\"\n            data-row-index=\"9\">\n                            <td style=\"\">8 2024<\/td>\n                            <td style=\"\">221.03<\/td>\n                            <td style=\"\">241.56<\/td>\n                            <td style=\"\">226.12<\/td>\n                            <td style=\"\">102.3<\/td>\n                    <\/tr>\n                            <tr id=\"table_94_row_10\"\n            data-row-index=\"10\">\n                            <td style=\"\">9 2024<\/td>\n                            <td style=\"\">238.03<\/td>\n                            <td style=\"\">270.37<\/td>\n                            <td style=\"\">243.58<\/td>\n                            <td style=\"\">102.3<\/td>\n                    <\/tr>\n                            <tr id=\"table_94_row_11\"\n            data-row-index=\"11\">\n                            <td style=\"\">2024 Tri 3<\/td>\n                            <td style=\"\">225.68<\/td>\n                            <td style=\"\">247.01<\/td>\n                            <td style=\"\">226.81<\/td>\n                            <td style=\"\">100.5<\/td>\n                    <\/tr>\n                            <tr id=\"table_94_row_12\"\n            data-row-index=\"12\">\n                            <td style=\"\">10 2024<\/td>\n                            <td style=\"\">250.92<\/td>\n                            <td style=\"\">251.88<\/td>\n                            <td style=\"\">258.03<\/td>\n                            <td style=\"\">102.8<\/td>\n                    <\/tr>\n                            <tr id=\"table_94_row_13\"\n            data-row-index=\"13\">\n                            <td style=\"\">11 2024<\/td>\n                            <td style=\"\">253.7<\/td>\n                            <td style=\"\">270.86<\/td>\n                            <td style=\"\">261.22<\/td>\n                            <td style=\"\">103.0<\/td>\n                    <\/tr>\n                            <tr id=\"table_94_row_14\"\n            data-row-index=\"14\">\n                            <td style=\"\">12 2024<\/td>\n                            <td style=\"\">251.69<\/td>\n                            <td style=\"\">292.87<\/td>\n                            <td style=\"\">269.57<\/td>\n                            <td style=\"\">107.1<\/td>\n                    <\/tr>\n                            <tr id=\"table_94_row_15\"\n            data-row-index=\"15\">\n                            <td style=\"\">2024 Tri 4<\/td>\n                            <td style=\"\">252.1<\/td>\n                            <td style=\"\">271.87<\/td>\n                            <td style=\"\">262.94<\/td>\n                            <td style=\"\">104.3<\/td>\n                    <\/tr>\n                            <tr id=\"table_94_row_16\"\n            data-row-index=\"16\">\n                            <td style=\"\">1 2025<\/td>\n                            <td style=\"\">266.6<\/td>\n                            <td style=\"\">329.11<\/td>\n                            <td style=\"\">276.82<\/td>\n                            <td style=\"\">103.8<\/td>\n                    <\/tr>\n                            <tr id=\"table_94_row_17\"\n            data-row-index=\"17\">\n                            <td style=\"\">2 2025<\/td>\n                            <td style=\"\">299.6<\/td>\n                            <td style=\"\">355.62<\/td>\n                            <td style=\"\">316.94<\/td>\n                            <td style=\"\">105.8<\/td>\n                    <\/tr>\n                            <tr id=\"table_94_row_18\"\n            data-row-index=\"18\">\n                            <td style=\"\">3 2025<\/td>\n                            <td style=\"\">317.93<\/td>\n                            <td style=\"\">348.82<\/td>\n                            <td style=\"\">346.31<\/td>\n                            <td style=\"\">108.9<\/td>\n                    <\/tr>\n                            <tr id=\"table_94_row_19\"\n            data-row-index=\"19\">\n                            <td style=\"\">2025 Tri 1<\/td>\n                            <td style=\"\">294.71<\/td>\n                            <td style=\"\">344.52<\/td>\n                            <td style=\"\">313.35<\/td>\n                            <td style=\"\">106.3<\/td>\n                    <\/tr>\n                            <tr id=\"table_94_row_20\"\n            data-row-index=\"20\">\n                            <td style=\"\">4 2025<\/td>\n                            <td style=\"\">345.1<\/td>\n                            <td style=\"\">293.23<\/td>\n                            <td style=\"\">339.74<\/td>\n                            <td style=\"\">98.4<\/td>\n                    <\/tr>\n                            <tr id=\"table_94_row_21\"\n            data-row-index=\"21\">\n                            <td style=\"\">5 2025<\/td>\n                            <td style=\"\">328.93<\/td>\n                            <td style=\"\">273.27<\/td>\n                            <td style=\"\">305.92<\/td>\n                            <td style=\"\">93.0<\/td>\n                    <\/tr>\n                            <tr id=\"table_94_row_22\"\n            data-row-index=\"22\">\n                            <td style=\"\">6 2025<\/td>\n                            <td style=\"\">291.23<\/td>\n                            <td style=\"\">226.53<\/td>\n                            <td style=\"\">269.91<\/td>\n                            <td style=\"\">92.7<\/td>\n                    <\/tr>\n                            <tr id=\"table_94_row_23\"\n            data-row-index=\"23\">\n                            <td style=\"\">2025 Tri 2<\/td>\n                            <td style=\"\">321.75<\/td>\n                            <td style=\"\">264.34<\/td>\n                            <td style=\"\">305.19<\/td>\n                            <td style=\"\">94.9<\/td>\n                    <\/tr>\n                            <tr id=\"table_94_row_24\"\n            data-row-index=\"24\">\n                            <td style=\"\">7 2025<\/td>\n                            <td style=\"\">265.85<\/td>\n                            <td style=\"\">186.12<\/td>\n                            <td style=\"\">261.83<\/td>\n                            <td style=\"\">98.5<\/td>\n                    <\/tr>\n                            <tr id=\"table_94_row_25\"\n            data-row-index=\"25\">\n                            <td style=\"\">8 2025<\/td>\n                            <td style=\"\">245.65<\/td>\n                            <td style=\"\">229.7<\/td>\n                            <td style=\"\">220.98<\/td>\n                            <td style=\"\">90.0<\/td>\n                    <\/tr>\n                            <tr id=\"table_94_row_26\"\n            data-row-index=\"26\">\n                            <td style=\"\">9 2025<\/td>\n                            <td style=\"\">243.69<\/td>\n                            <td style=\"\">255.87<\/td>\n                            <td style=\"\">221.86<\/td>\n                            <td style=\"\">91.0<\/td>\n                    <\/tr>\n                            <tr id=\"table_94_row_27\"\n            data-row-index=\"27\">\n                            <td style=\"\">2025 Tri 3<\/td>\n                            <td style=\"\">251.73<\/td>\n                            <td style=\"\">223.9<\/td>\n                            <td style=\"\">234.89<\/td>\n                            <td style=\"\">93.3<\/td>\n                    <\/tr>\n                            <tr id=\"table_94_row_28\"\n            data-row-index=\"28\">\n                            <td style=\"\">10 2025<\/td>\n                            <td style=\"\">247.19<\/td>\n                            <td style=\"\">259.59<\/td>\n                            <td style=\"\">248.76<\/td>\n                            <td style=\"\">100.6<\/td>\n                    <\/tr>\n                            <tr id=\"table_94_row_29\"\n            data-row-index=\"29\">\n                            <td style=\"\">11 2025<\/td>\n                            <td style=\"\">262.77<\/td>\n                            <td style=\"\">259.32<\/td>\n                            <td style=\"\">258.42<\/td>\n                            <td style=\"\">98.3<\/td>\n                    <\/tr>\n                            <tr id=\"table_94_row_30\"\n            data-row-index=\"30\">\n                            <td style=\"\">12 2025<\/td>\n                            <td style=\"\">270.34<\/td>\n                            <td style=\"\">239.36<\/td>\n                            <td style=\"\">255.41<\/td>\n                            <td style=\"\">94.5<\/td>\n                    <\/tr>\n                            <tr id=\"table_94_row_31\"\n            data-row-index=\"31\">\n                            <td style=\"\">2025 Tri 4<\/td>\n                            <td style=\"\">260.1<\/td>\n                            <td style=\"\">252.76<\/td>\n                            <td style=\"\">254.2<\/td>\n                            <td style=\"\">97.7<\/td>\n                    <\/tr>\n                            <tr id=\"table_94_row_32\"\n            data-row-index=\"32\">\n                            <td style=\"\">IPEP 2025<\/td>\n                            <td style=\"\">282.07<\/td>\n                            <td style=\"\">271.38<\/td>\n                            <td style=\"\">276.91<\/td>\n                            <td style=\"\">98.1<\/td>\n                    <\/tr>\n            <\/tbody>        <!-- \/Table body -->\n\n        <!-- Table footer -->\n        \n        <!-- \/Table footer -->\n    <\/table>\n\n<\/div><style>\n\n#table_1 > tbody > tr > td.column-preo-fob-ussaca:not(:empty):before,\n                                       \n#table_1 > tbody > tr.row-detail ul li.column-preo-fob-ussaca span.columnValue:before\n                                            { content: '$' }\n#table_1 > tbody > tr > td.column-preo-cepea-ussaca:not(:empty):before,\n                                       \n#table_1 > tbody > tr.row-detail ul li.column-preo-cepea-ussaca span.columnValue:before\n                                            { content: '$' }\n#table_1 > tbody > tr > td.column-mdia-ponderada-ussaca:not(:empty):before,\n                                       \n#table_1 > tbody > tr.row-detail ul li.column-mdia-ponderada-ussaca span.columnValue:before\n                                            { content: '$' }table.wpDataTable td.numdata { text-align: right !important; }\n<\/style>\n<style>\n                    \n                                                                                                \n                <\/style>\n<style>\n<\/style>\n\n<h4><strong>METHODOLOGY<\/strong><\/h4>\n<p>Domestic prices are based on the price series published by CEPEA (Center for Advanced Studies in Applied Economics at ESALQ).<\/p>\n<p>Using the monthly average CEPEA price, expressed in U.S. dollars, a three-month weighted average of the domestic market price (P) is calculated, according to the following formula:<\/p>\n<p><strong>P = (Price in month p<\/strong><strong> \u00d7 <\/strong><strong>0.2) + (p-1 <\/strong><strong>\u00d7 <\/strong><strong>0.5) + (p-2<\/strong><strong> \u00d7 <\/strong><strong>0.3)<\/strong><\/p>\n<p>Where p\u22121 and p\u22122 correspond to prices observed in the two preceding months. This formulation accounts for the time lag typically observed between contract pricing and shipment, as exports in the current month are generally contracted or priced one to two months in advance. The IPEP-C is then calculated by dividing the weighted price (P) by the average FOB price.<\/p>\n<\/div><\/div><\/div><\/div><\/div>\n","protected":false},"excerpt":{"rendered":"","protected":false},"author":207,"featured_media":0,"parent":1039,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"footnotes":""},"class_list":["post-15543","page","type-page","status-publish","hentry"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.3 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>IPEP - Conilon - Cecaf\u00e9<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.cecafe.com.br\/en\/market-indicators\/ipep-conilon\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"IPEP - Conilon - Cecaf\u00e9\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.cecafe.com.br\/en\/market-indicators\/ipep-conilon\/\" \/>\n<meta property=\"og:site_name\" content=\"Cecaf\u00e9\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/cecafebrazil\" \/>\n<meta property=\"article:modified_time\" content=\"2026-02-11T19:03:20+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.cecafe.com.br\/site\/wp-content\/uploads\/2019\/07\/logo-cecafe-png-300-200_2.png\" \/>\n\t<meta property=\"og:image:width\" content=\"300\" \/>\n\t<meta property=\"og:image:height\" content=\"200\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:site\" content=\"@cecafebrazil\" \/>\n<meta name=\"twitter:label1\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data1\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.cecafe.com.br\\\/en\\\/market-indicators\\\/ipep-conilon\\\/\",\"url\":\"https:\\\/\\\/www.cecafe.com.br\\\/en\\\/market-indicators\\\/ipep-conilon\\\/\",\"name\":\"IPEP - 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Conilon - Cecaf\u00e9","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.cecafe.com.br\/en\/market-indicators\/ipep-conilon\/","og_locale":"en_US","og_type":"article","og_title":"IPEP - Conilon - Cecaf\u00e9","og_url":"https:\/\/www.cecafe.com.br\/en\/market-indicators\/ipep-conilon\/","og_site_name":"Cecaf\u00e9","article_publisher":"https:\/\/www.facebook.com\/cecafebrazil","article_modified_time":"2026-02-11T19:03:20+00:00","og_image":[{"width":300,"height":200,"url":"https:\/\/www.cecafe.com.br\/site\/wp-content\/uploads\/2019\/07\/logo-cecafe-png-300-200_2.png","type":"image\/png"}],"twitter_card":"summary_large_image","twitter_site":"@cecafebrazil","twitter_misc":{"Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/www.cecafe.com.br\/en\/market-indicators\/ipep-conilon\/","url":"https:\/\/www.cecafe.com.br\/en\/market-indicators\/ipep-conilon\/","name":"IPEP - 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