World Price

Business / Agriculture / World Price: The price at which commodities will move in international trade under existing marketing conditions. The concept 'world price' lacks precision unless quality, location, and other factors are specified. See domestic price.

Other Words for Price

Price Verb Synonyms: sacrifice, toll, penalty, cost, consequence
Price Noun Synonyms: charge, cost, expense, expenditure, outlay, payment, amount, figure, fee, quotation, appraisal, value, valuation, evaluation, worth
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Other Words for World

World Noun Synonyms: earth, planet, sphere, globe, Terra, universe, cosmos, existence, creation, life
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Domestic Price

Business / Agriculture / Domestic Price: The price at which a commodity trades within a country, in contrast to the world price. For those commodities not benefitting from some form of price support, the domestic price is determined by suppl MORE

World Price (Rice)

Business / Agriculture / World Price (Rice): As part of the rice marketing assistance loan program, USDA calculates the world price for each class of milled rice (long grain, medium grain, and short grain) based on the prevailing world market pr MORE

Posted County Price (PCP)

Business / Agriculture / Posted County Price (PCP): This price is calculated for wheat and feed grains for each county by the Farm Service Agency. The PCP reflects changes in prices in major terminal grain markets (of which there are 18 in the country) MORE

Northern Europe (NE) Cotton Price

Business / Agriculture / Northern Europe (NE) Cotton Price: An average of the five lowest prices of several internationally-traded cottons (including cost, insurance, and freight) quoted for delivery in Northern Europe. The NE price is used by USDA in its form MORE

Adjusted World Price

Business / Agriculture / Adjusted World Price: As part of the upland cotton and the rice marketing assistance loan programs, USDA calculates and publishes, on a weekly basis, what is known as the adjusted world price (AWP). The AWP is the prevaili MORE

Adjusted World Price (AWP)

Business / Agriculture / Adjusted World Price (AWP): As part of the upland cotton marketing assistance loan program, USDA calculates and publishes, on a weekly basis, what is known as the adjusted world price (AWP). The AWP is the prevailing world price MORE

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