support price

American

noun

the price at which the government will purchase commodities, especially farm produce, in order to maintain a certain price level.

Etymology

Origin of support price

First recorded in 1940–45

Example Sentences

Examples are provided to illustrate real-world usage of words in context. Any opinions expressed do not reflect the views of Dictionary.com.

A sustained disruption to shipping through Hormuz would further tighten regional supply and support price premiums, particularly given relatively lean inventories, analysts at the firm said.

From The Wall Street Journal • Apr. 13, 2026

The moves came after a Thursday report from Reuters suggesting that the federal government wouldn’t support price floors for critical minerals—a reversal from prior policy.

From Barron's • Jan. 29, 2026

The farmers say a guaranteed minimum support price for their crops would stabilize their incomes.

From Seattle Times • Feb. 19, 2024

This time, the farmers’ central demand concerns something called the minimum support price, or M.S.P.

From New York Times • Feb. 14, 2024

Farmers are asking for assured floor prices - also known as minimum support price or MSP - which allows them to sell a majority of their produce at government-controlled wholesale markets or mandis.

From BBC • Feb. 12, 2024

Definitions and idiom definitions from Dictionary.com Unabridged, based on the Random House Unabridged Dictionary, © Random House, Inc. 2023