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ADMINISTERED PRICE (SCHEMES)

Statistics Directorate    
French Equivalent: Prix administré

Definition:
An administered price is a price fixed by policy makers in order to determine, directly or indirectly, domestic market or producer prices.

Context:
All administered price schemes set a minimum guaranteed support price or a target price for a commodity, which is maintained by associated policy measures, such as quantitative restrictions on production and imports; taxes, levies and tariffs on imports; export subsidies; and public stockholding.

Source Publication:
Agricultural Policies in OECD Countries: Monitoring and Evaluation 2000: Glossary of Agricultural Policy Terms, OECD.

Cross References:
Administered prices (set by firms)

Statistical Theme: Agriculture and fisheries statistics - Agricultural policy indicators

Created on Tuesday, September 25, 2001

Last updated on Thursday, April 25, 2013