Definition of price support in English:

price support

Line breaks: price sup|port


[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.

Definition of price support in:

Get more from Oxford Dictionaries

Subscribe to remove adverts and access premium resources

Word of the day deictic
Pronunciation: ˈdeɪktɪk
denoting a word whose meaning depends on context...