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Basic Price - Within the Common Agricultural Policy (CAP), the cost of production price for pigmeat, fruit and vegetables. The European Agricultural Guidance and Guarantee Fund (EAGGF) intervenes to purchase produce if the average market price falls below the basic price. Reference: Professor Derek Urwin, Department of Politics and International Relations, University of Aberdeen, Aberdeen, U.K., http://www.abdn.ac.uk/~pol028/index.htm
Related Terms: Basic Price - international | trade |
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|WWW Virtual Library of Logistics
Ver 4, Sep, 1999, Matthew D. Cox, email@example.com
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