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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.
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- Part of Speech: noun
- Synonym(s):
- Blossary:
- Industry/Domain: Agriculture
- Category: Agricultural programs & laws
- Company: USDA
- Product:
- Acronym-Abbreviation:
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