Definition of price support in US English:

price support


  • Government assistance in maintaining the levels of market prices regardless of supply or demand.

    • ‘Wholesale butter, powder and cheese prices have been struggling all year to stay above price support levels.’
    • ‘‘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.’
    • ‘Current farm price support policy, as well as crop insurance concepts, seek to protect farmers in part from risk inherent to the market.’
    • ‘Identifying oilseeds as another critical area, Mr Chidambaram said the government would facilitate farmers to diversify into oilseeds by promoting superior seed technology and through an appropriate policy of price support.’
    • ‘Countering competition, they seek consolidation and price support interventions.’


price support

/prīs səˈpôrt/