Definition of price support in English:

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price support

noun

[mass noun] Economics
Government assistance in maintaining the levels of market prices regardless of supply or demand: [as modifier]: existing price support mechanisms ensure a minimum price for much farm produce
More example sentences
  • ‘At current prices, cattle farmers are losing serious money and the minister will have to urgently deliver on his commitments on re-opening markets and effective intervention price support,’ he said.
  • Wholesale butter, powder and cheese prices have been struggling all year to stay above price support levels.
  • Countering competition, they seek consolidation and price support interventions.
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